Bitcoin surges past $80,000 as crypto rally gathers pace
Bitcoin rose 2% to $80,501 on Tuesday, extending a rally driven by spot ETF inflows and improved risk sentiment. The surge followed a 20% gain last week, fueled by a short squeeze and institutional demand. Analysts note mixed signals on the rally's durability, with some citing strong ETF inflows and others pointing to historical patterns of volatility. Ether and XRP also saw gains.
Bitcoin Wakes Up as Treasury Blinks: Is the Great Catch
Bitcoin surged to $78,800, driven by $4B in short liquidations and $1.92B in U.S. spot Bitcoin ETF inflows, led by BlackRock's IBIT. Institutional demand and broader crypto market gains followed. Bitcoin remains 40% below its 2025 peak but may catch up as traditional markets rally. Treasury's bond buyback plan aimed to lower yields but had limited impact, signaling potential discomfort with high yields, which could support Bitcoin's case.
Bitcoin Tops $79K on Institutional Bets, Spot ETF Inflows
Bitcoin reached $79k due to institutional demand and spot ETF inflows, with trading volume up 89% and $1.92B in ETF inflows last week. The rally was driven by macro factors, including U.S. Treasury bond buybacks. Bitcoin faces resistance at $79,406–$80,000 and support at $78,329, with the Federal Reserve's symposium as a key upcoming catalyst.
«بيتكوين» تلامس 80 ألف دولار.. إقبال على الأصول الآمنة والبديلة
Bitcoin traded near $80,000 on Monday, driven by investor concerns over U.S. inflation and fiscal deficits. It briefly reached $79,981.58, nearing its May high. Crypto storage firms' shares also rose, with one announcing an additional cash reserve for Bitcoin purchases. This surge follows last week's economic shift, which saw widespread Bitcoin short-covering and U.S. Treasury's plan to double long-term bond purchases, briefly lowering yields. Bloomberg data shows U.S. Bitcoin ETFs attracted $1.
Bitcoin Price Returns To $80,000 For First Time In 100 Days
Bitcoin (BTC) reached $80,000 for the first time since May 15, according to TradingView. The surge led to over $220 million in short liquidations in 24 hours, per CoinGlass. Analysts warn that sustained higher levels are needed to challenge the bear-market thesis, with BTC up 25% month-to-date. Rekt Capital notes that Bitcoin must prove staying power to avoid a potential pullback.
Crypto SWOT: Bitcoin extended its rally above $71,000, reaching its highest level since June
Bitcoin surged above $71,000, its highest since June, driven by $842M in ETF inflows and short liquidations. The SEC proposed new crypto regulations, while China expanded its digital yuan network. Short positions totaling $2.7B were liquidated, highlighting market volatility. Institutional adoption of blockchain is growing, but crypto prices remain below record highs.
