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Crypto

BTC Surges Past $79,300 Resistance Level

Guavy AI Editorial Team
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BTC ETH
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Bitcoin has broken through its $78,000 resistance level and is now trading above $79,300 for the first time in 11 weeks.

This represents a 3.8% gain over the past 24 hours, with CoinGecko data showing a total market cap of over $1.57 trillion for BTC alone.

The surge in price has been accompanied by increased trading volume, with approximately $51.9 billion worth of Bitcoin changing hands over the same period.

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

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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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