Bitcoin's exchange rate has broken through the $80,000 barrier for the first time since late January, marking a significant milestone in the cryptocurrency market. This development has been accompanied by growth in nearly all of the top 100 crypto-assets, with Siren showing the largest increase at 25% over the past 24 hours.
The rise above $80,000 is seen as a key technical resistance level and may confirm the completion of a corrective movement that started earlier this year. Analysts note that holding above this level indicates the possibility of continuation of the bullish trend, with targets reaching up to $96,000 and higher.
Additionally, the increase in Bitcoin's exchange rate has been accompanied by increased trading volume and buying by large institutional investors. This growth is often seen as a signal of high returns for miners, allowing them to cover operating costs and invest in new equipment.