Bitcoin's price surge has reached a significant milestone, breaking above $81.3K for the first time since late January. This move comes on the back of renewed institutional demand and easing geopolitical risk, which are supporting the recovery of the cryptocurrency market.
The total crypto market capitalization has surpassed $2.75 trillion after adding $30 billion to its value, a clear indication that confidence is returning to the market. The recent surge in spot Bitcoin ETFs, with net inflows reaching $163 million last week and a single-session inflow of $630 million on Friday, is also contributing to the rebound.
However, it's essential for traders to note that the $80K zone remains the real credibility test, as a sustained hold could invite momentum. On the other hand, rejection risks profit-taking toward mid-$70,000 support.