Bitcoin Surges Past $81K as Crypto Market Adds $150B Daily

The crypto market has seen a massive surge in recent days, with Bitcoin (BTC) soaring past $81,000 for the first time in half a month. After a volatile week, BTC's price jumped to $78,000 on Friday morning and then skyrocketed to over $81,000 during US trading hours.

This increase has also had an impact on other altcoins, with many seeing double-digit pumps. Ethereum (ETH) has reclaimed the $2,600 level, XRP is above $1.40, and SOL has jumped past $110. The cumulative market cap of all crypto assets has increased by $150 billion in a day.

The CLARITY Act, which was scheduled to be voted on in the US Senate on Tuesday, had an immediate impact on BTC's price when it was rejected. However, the bulls reemerged and took control, pushing the cryptocurrency back up.