The Economic Times

Bitcoin jumps 9% in a single day to cross $79K as institutional flows, regulatory optimism fuel crypto rally

Bitcoin surged nearly 9% to cross $79,000 as institutional inflows, a sharp short squeeze and regulatory optimism fuelled a broader crypto rally. Ethereum also gained over 5%, while major altcoins rallied up to 17.48%. Analysts said the breakout marks a shift in momentum but cautioned investors to expect volatility and possible consolidation after the rapid gains.