Bitcoin Recovers to $79,000… Trading Volume Surges 140%

Bitcoin (BTC) has recovered to the $79,000 level. Major altcoins also slightly recovered from their declines.

At 10:26 AM on the 7th, according to CoinMarketCap, BTC rose by about 1.91% compared to an hour ago, recording $79,219.50. It had been pushed down to the $77,000 level earlier that morning before rebounding.



Major altcoins also partially recovered from their declines. During the same period, Ethereum (ETH) was trading at $1,609.78, up 2.51% from an hour ago. XRP rose 3.17% to $1.94, BNB increased 1.66% to $564.14, and SOL rose 3.30% to $107.36.

As the volatility of virtual assets increased, trading volume also surged significantly. On this day, according to CoinMarketCap, virtual asset trading volume skyrocketed 140% from the previous day to $10.244 billion.

The tariff imposition policy of President Trump appears to have influenced virtual asset volatility. Amid spreading uncertainty, bold forecasts about short-term trends are emerging. Bitcoin supporter Max Keiser predicted that "if the market declines like Black Monday when US stock prices plummeted in 1987, BTC could rise to $220,000 this month." He argued that "trillions of dollars in funds will flow into BTC, the ultimate safe-haven asset."

On this day, Simon Gerovichi, CEO of Metaplanet, emphasized that "days when BTC declines tend to focus attention on price" but "these downturns are crucial moments when true investment beliefs are tested and strengthened." Gerovichi added that "volatility in the virtual asset market is not simply a cause for concern, but a natural characteristic of digital assets with scarcity, decentralization, and long-term value." Metaplanet is a listed Japanese company that strategically purchases BTC like Strategy.

Reporter Do Ye-ri

yeri.do@sedaily.com