Bitcoin surged past $81K as crypto market cap jumped $150B in one day to $2.78T, with major altcoins posting double-digit gains.
Macro & Markets ·
Bitcoin climbed above $81,000 for the first time in two weeks, following a volatile period that included the rejection of the CLARITY Act in the US Senate and a Federal Reserve rate increase. The surge extended across the altcoin market, with Ethereum returning to $2,600, XRP advancing past $1.40, and Solana breaking above $110. The total cryptocurrency market capitalization gained $150 billion within a single day, reaching $2.780 trillion.
The price recovery came after mid-week turbulence that had driven Bitcoin down to $75,000 following the Senate's rejection of the CLARITY Act, and further testing occurred when the Federal Reserve announced its first rate increase in over three years. Bitcoin stabilized thereafter and made substantial gains during Friday's US trading session, moving decisively through the $80,000 and $81,000 levels and holding those gains into the weekend.
Among alternative assets, multiple tokens posted double-digit percentage increases, while the broader market maintained its momentum. Bitcoin's market dominance over altcoins remained at 58.7 percent, and its own market capitalization reached $1.630 trillion, indicating the distributed nature of gains across the cryptocurrency sector.