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

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.

Bitcoin initiated a massive leg up that drove it higher by over $6,000 in hours. It smashed through several key resistance zones and finally touched $70,000 for the first time since mid-June. Although it was stopped there at first and slipped to $68,000, the bulls were more persistent and drove it higher to well over $70,000 as of press time again, while the community comments on the possible reasons behind this surge.

Its market capitalization has exploded by over $100 billion in a day to $1.410 trillion on CG. Its dominance over the alts stands tall at 57%.

Alts See Nothing But Green

Ethereum has taken the main stage during this revival, surging by over 17% to a multi-month peak of its own at $2,270. HYPE has also taken full advantage of the situation, especially after some promising words from Trump, and now sits at $72 following a mind-blowing 24% pump. SOL, XRP, DOGE, RAIN, ZEC, LINK, and BNB are all in the green.

There are a few exceptions, such as XMR and WLFI, but the dominant market sentiment among the alts has flipped significantly.

This has pushed the total crypto market cap to $2.470 billion as of press time – or roughly $200 billion higher than yesterday.