Bitcoin Broke the Record for Biggest Single-Day Gains

Monday was a record-breaking day for the crypto industry, with Bitcoin surging all day and reaching a new all-time high price mark above $89,000. But it wasn’t just the day that we saw Bitcoin’s highest price yet, but also its biggest single day ever for dollar gains. Bitcoin jumped $8,343 over the course of the day Monday, from start to finish—and Galaxy Research data shows that it’s the largest single-day jump for the leading cryptocy when measured in U.S. dollars, citing data from crypto exchange Coinbase.

It started the day at $80,427.69 and wrapped up at $88,770.73, down slightly after jumping above the $89,000 mark. According to data from CoinGecko, Bitcoin peaked at $89,864 on Monday, coming close to breaching the $90,000 mark. According to Galaxy, the previous single-day record was registered on February 8, 2021 as the price surged $7,576 in a single day, finishing the day at $46,448 after setting a then-peak price for Bitcoin. The third-largest spike came this year, on August 8, then Bitcoin jumped $6,561 over the course of the day.

Interestingly, while Monday set the record for a single-day gain in U.S. dollar value, it barely made the top 50 when looking at the biggest single-day percentage gain in Bitcoin value. That record dates back to July 20, 2017, when BTC jumped by 27.2% over the course of the day to finish at a price of $2,873. Bitcoin is vastly more valuable now, of course, and a theoretical 27.2% gain on Monday would have pushed Bitcoin to a closing price of $102,304.

Bitcoin is currently trading at a price of $86,100, cooling off after Monday’s surge and dipping as low as about $85,300 on Tuesday. The broader crypto market hit a new all-time peak value above $3.15 trillion early Tuesday, per CoinGecko, breaking the previous mark of about $3.07 trillion set back in 2021 when Bitcoin peaked at a then-record price of about approximately $69,000.