Bitcoin's price has seen a significant surge in recent days, exceeding $80,000 for the first time in over three months. According to Bloomberg, the cryptocurrency's value rose by 1.9% to $80,393 on Monday morning in Singapore.
This marks a major milestone for Bitcoin, which had dropped to around $60,000 after reaching a record high of over $126,000 last October. Since then, it has been gradually recovering, with the net inflow of funds into Bitcoin ETFs in the U.S. amounting to $630 million in just one day.
Analysts believe that breaking the $80,000 level is significant for the market and could strengthen positive momentum. However, experts also note that stabilizing the price above this level will be crucial to maintaining the rally.