Bitcoin (BTC) has surged towards $80,000 after recent market volatility.Altcoins have also recorded significant gains over the past 24 hours.Bitcoin's price slump took it to a five-month low of under $75,000.Several altcoins, including ETH, XRP, SOL, DOGE, ADA, LINK, AVAX, SUI, HYPE, HBAR, LTC, and XMR, have surged in value.