Crypto Markets Add Over $200B Daily as Bitcoin (BTC) Surges Past $70K: Market Watch

ETH and HYPE are the two top gainers from the larger caps. XRP has successfully defended the $1.00 support.

It was almost painful for days to write these price updates, but this isn’t the case today, as bitcoin recorded its most impressive surge in 2026 that wasn’t after a notable decline. The asset skyrocketed by several grand yesterday and tapped a two-month peak at over $70,000.

The altcoins have all turned green as well, helping the total market cap add $200 billion in the span of less than 24 hours.

BTC Rocketed Past $70K

It was less than a week ago, on Friday, when the bears appeared to be in control of the market, pushing the largest digital asset to $62,500. Although it rebounded in the following days, it remained sideways at $63,000 with little to no indication of an upcoming breakout.

The first signs emerged on Monday and Tuesday as the cryptocurrency gradually increased to $64,000 and even briefly tapped $65,000. It was stopped there and slipped to $64,400 yesterday before all hell broke loose. What took place in the following few hours was almost thought to be impossible in the crypto markets.