Bitcoin Surges Past $80,000 for the First Time Since January
- Bitcoin rose by 2.7%, reaching a peak of $80,515 early Monday.
- The price increase coincided with a 2.3% rise in the MSCI AC Asia Index.
- Other cryptocurrencies like Ether, XRP, and BNB also saw gains of up to 3.9%.
- US Bitcoin exchange-traded funds (ETFs) reported net inflows on 11 out of the last 14 days, with Friday’s inflow at $629.8 million.
- Bitcoin has recovered nearly 30% from its low of about $62,000 on February 5.
The recent rally reflects positive global risk sentiment and strong institutional demand for Bitcoin, as evidenced by significant ETF inflows and rising prices across major cryptocurrencies.
With Bitcoin now at $80,515, it marks a substantial recovery from its earlier lows and highlights ongoing interest in the cryptocurrency market.(Source)
