Bitcoin breached $80,000 after a sharp intraday surge that began during early Asian trading, marking its strongest level since January.
The move unfolded as Asian equity benchmarks climbed, and U.S. Exchange-traded funds for Bitcoin continued to register inflows, underscoring persistent institutional demand.
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The rally coincided with a 2.3% rise in the MSCI AC Asia Index to 245.2, which surpassed its prior peak and is often read as an early gauge of risk-on sentiment following weekend developments. Other tokens tracked gains: Ether rose 3.9%, XRP gained 2.4% and BNB climbed 3.3% over the last 24 hours.
TradingView data shows the price advance began at 1:25 am UTC, moving from $78,415 to break $80,000 about 75 minutes later and reaching $80,515 by 4:20 am UTC. U.S.-based spot Bitcoin exchange-traded funds recorded net inflows in 11 of the past 14 trading days, with Friday's inflow of $629.8 million the industry's largest day in two weeks, according to the report.
The recap
- Bitcoin breached $80,000, its highest level since January.
- Recovery of nearly 30% from an earlier $62,000 low.
- US spot Bitcoin ETFs logged net inflows in 11 of 14 days.
