Bitcoin Surpasses $80,000 as Crypto Market Gains Momentum
- Bitcoin reached a high of $80,596, marking a nearly 3% increase in the last 24 hours.
- The total crypto market cap rose by almost 2%, driven by strong spot Bitcoin ETF inflows of approximately $630 million.
- Over $302 million in short liquidations occurred today, affecting Bitcoin, Dogecoin, XRP, Zcash, and Terra Luna Classic (LUNC).
- Terra Luna Classic (LUNC) surged more than 7% today and has increased by about 60% over the past week.
- The Crypto Fear & Greed Index improved to neutral sentiment amid rising odds for the CLARITY Act and bullish predictions from analysts.
The recent surge in Bitcoin’s price reflects renewed investor confidence fueled by institutional demand and significant ETF inflows. Additionally, easing geopolitical tensions have contributed to reduced selling pressure in the market.
With Bitcoin trading around $79,845 after recent profit booking, experts anticipate further upside potential based on current market trends and indicators.(Source)
