Bitcoin shattered the $80,000 threshold on Sunday, marking its first venture above this level since the beginning of the year. The breakout occurred swiftly, catching heavily positioned short traders off guard.
Bitcoin is once again pressing against the pivotal $80,000 resistance, a level that has repeatedly capped upside attempts in recent price action. The market now finds itself at a decisive moment, where a confirmed breakout could ignite fresh bullish momentum, while failure to push higher may trigger another wave of selling pressure.
Bitcoin rallied above $80,000 overnight before selling off on reports of a U.S. warship struck by Iranian missiles. Plus, Clarity Act odds spiked after a new compromise on stablecoin yield.
Bitcoin has recently caught a bid as investors have changed their minds and bought the world's most popular crypto.
Bitcoin reclaimed $80,000 on May 4, but the move landed as Asian equities pushed toward records on the AI trade, with Korea and Taiwan leading the advance and Nasdaq 100 futures also pointing higher. The timing creates a portfolio problem for ordinary holders.
Bitcoin holds above $78K as traders debate whether BTC needs a catalyst, a Fed shift, ETF inflows, or a self-made rally to reclaim $100K.
Bitcoin broke above $80,500 on Monday, touching around $80,600 for its highest level since January 31 before easing below $80,000. The move followed failed advances near $79,500, a Fed-linked dip under $75,000, and weekend geopolitical headline swings around Iran proposals.
Strategy Inc. (NASDAQ:MSTR) chairman Michael Saylor announced no Bitcoin (CRYPTO: BTC) purchases this week but analyst Taiki Maeda expects $2 billion to $3 billion in buying over the next two weeks via STRC. The Ex-Dividend Buying Pattern Ahead of the March 13 ex-dividend date, Strategy accumulated $1.54 billion in Bitcoin with steady, spread-out purchases.
Institutional Inflows: U.S. spot Bitcoin ETFs absorbed $629.8 million on Friday, marking one of the strongest single‑day totals in recent weeks and signaling renewed institutional demand. Market Dynamics: Heavy allocations into leading Bitcoin ETFs improved liquidity conditions and supported price stability as Bitcoin approached the $80,000 resistance zone.
Strategy Inc. (NASDAQ:MSTR) is set to report financials for the first quarter after the market close on Tuesday. Here's what you need to know before the announcement.
Crypto analyst Tice has pointed to a signal that has predicted every Bitcoin bottom in each bear cycle. Based on this, the analyst suggested that the flagship crypto may again be forming a bottom just as the price looks to break above the psychological $80,000 level.
Bitcoin miner Hut 8 has refinanced its $200 million Bitcoin-backed credit facility with FalconX at a 7% fixed rate, replacing its Coinbase loan and unlocking approximately 3,300 BTC worth $260 million from collateral.