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Crypto

BTC Surges Past $79,000 as Trading Volume Skyrockets

Guavy AI Editorial Team
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BTC ETH
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Bitcoin (BTC) has broken above $79,300 for the first time in 11 weeks, marking a 3.8% gain in the past 24 hours.

The surge in price comes with a significant increase in trading volume, reaching approximately $51.9 billion according to CoinGecko data.

This move represents a clear break above the $78,000 resistance level that had capped multiple attempts in recent weeks.

Investor Kevin O'Leary has narrowed his crypto portfolio to Bitcoin and Ethereum (ETH) only, citing a lack of institutional durability in alternative tokens, according to Fox Business.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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