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LIVE DESK·Global markets desk·Last updated 14s ago
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Bitcoin surges to record $78,961 as crypto market cap tops $2.6 trillion

The largest cryptocurrency by market value gained 10.3% in a single session, extending its seven-day rally to 23.5% amid renewed investor appetite. Ethereum and Tether also advanced.

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Marcus Webb · Crypto Desk · 22 Aug 2026 · 06:49 · 1 min read
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Bitcoin surges to record $78,961 as crypto market cap tops $2.6 trillion

Bitcoin climbed 10.3% to a record $78,961.40 by 08:58 GMT on Friday, according to the Investing.com Index, marking its largest one-day percentage gain since February 6. The move pushed its seven-day advance to 23.5%, with the cryptocurrency trading between $73,025.40 and $78,969.40 in the past 24 hours.

Bitcoin

BTCUSD
Full profile →
77470.7900▼ 1.11%
As of 22/08/2026, 00:00:00

The total cryptocurrency market capitalization rose to $2.6 trillion, with Bitcoin’s share reaching 59.99% at $1.56 trillion. Its previous peak market cap stood at $2.49 trillion. Trading volume for the largest digital asset reached $61.7 billion, accounting for 43% of the sector’s total turnover.

Ethereum advanced 6.96% to $2,440.67, lifting its market cap to $289.8 billion and representing 11.17% of the crypto market. Tether’s USDT token held steady at $1.0001, with a market cap of $183 billion and a 0.05% daily gain, comprising 7.06% of the sector’s value.

This article was produced with AI assistance and edited by a Finance Review Daily journalist.
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Written by
Marcus Webb
Crypto Desk

Marcus reports on digital assets, from spot ETF flows to protocol-level developments in DeFi. He pays particular attention to how institutional adoption is reshaping crypto market structure.

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