Bitcoin Reaches New Highs Before Volatility Sets In

Bitcoin has been experiencing ongoing volatility in digital-asset markets, with the price approaching $70,000 before retreating to around $68,100 in trading on Thursday.

The move represented a 5% swing between the session high and an overnight low near $67,700, marking the strongest attempt to reclaim the $70,000 threshold since the February 5 market downturn. However, analysts caution that this rally does not signal a sustained trend reversal.

Alternative cryptocurrencies have outperformed Bitcoin, with several significant gains. Ether rose 8.5%, Solana gained 6.9%, Cardano surged 10.8%, and Dogecoin added roughly 8.3%. The broader market participation is often an indicator of increasing investor risk tolerance.

Trading activity expanded with bitcoin volumes rising 34% over 24 hours, while Ethereum moved above the $2,000 resistance level. Stocks linked to digital assets also followed the move, with Strategy Inc. and Coinbase Global rising by 8.86% and 13.52%, respectively.