Bitcoin Surges Past $77K on ETF Inflows and Volume Spike, Eyes $80K Resistance
Bitcoin rallies 3% to $77K with record ETF inflows and exploding volume, pushing Fear & Greed to 'Greed' as markets eye $80K amid institutional optimism.
Bitcoin BTC climbed above $77,000 today, marking a 2.96% gain over the past 24 hours and pushing its market cap to $1.54 trillion with a dominance of 59.15%. Trading volume exploded by 35.38% to $52.77 billion, signaling strong buying interest amid a broader market recovery that added billions to the total crypto market cap of $2.61 trillion.
The Fear & Greed Index rose to 62 ("Greed"), reflecting renewed optimism as BTC reclaimed key moving averages and liquidated nearly $400 million in short positions. Institutional demand shone through with Bitcoin ETFs recording their largest inflows since mid-January, underscoring long-term confidence despite short-term volatility.
On X, sentiment is bullish yet cautious: analysts note BTC's stabilization after basing, with higher lows forming on 1H charts, though implied volatility hints at potential hard sells. Posts highlight the rally adding $220 billion to crypto markets this week, with BTC hitting a 2.5-month high near $78,300.
Major headlines include Bitcoin breaking out of its range, testing $76K-$78K resistance amid rising derivatives activity and global boosts like Hormuz reopening. Experts eye $80K next, with predictions of further gains if momentum holds.