Bitcoin rose above $80,000 for the first time since January following an expected conclusion on resolving the conflict in the Middle East.
Bitcoin smashed $80,000 on Monday, rising 2.7% from a 24hrs bottom of $78,359 as Asian equities began trading today, marking its highest price since Jan. 31, 2026.
The Bitcoin rally began during the early hours of the day, making a 1.4% increase from $78,359 to break the $81,000 level. According to the TradingView data, BTC rose to $81,326 by 5:00 am UTC.
The US-based spot Bitcoin exchange-traded funds have also seen an increased net inflows in the past 14 trading days, indicating a strong institutional demand.
On Friday, May 1, BTC recorded an inflow of $629.8 million the strongest day in two weeks for the US Bitcoin ETF Market.
The price increase can also be attributed to the recent momentum building up in Washington, where members of the banking and crypto industries reached a compromise on stablecoin yield provisions in the CLARITY Act, with a Senate markup expected this month.
Discover more from DiutoCoinNews
Subscribe to get the latest posts sent to your email.
