Bitcoin Reclaims $80K as Volume Explodes 112%, Sparking Rally Hopes
Bitcoin blasts past $80K on 112% volume surge and $100M liquidations, with neutral Fear & Greed signaling potential rally continuation amid ETF inflows and bullish technicals.
Bitcoin surged past $80,000 for the first time in three months today, climbing 2.12% to $79,927 amid a massive 112% volume spike to $33.65 billion. The broader crypto market cap holds steady at $2.65 trillion with BTC dominance at 60.47%, reflecting Bitcoin's continued leadership. Total 24h volume across the ecosystem reached $129.9 billion, signaling renewed trader interest.
The Fear & Greed Index sits at 47 (Neutral), up slightly from recent fearful levels, as ETF inflows build and short liquidations near $100 million trigger cascading buys. Asian stocks nearing records and risk-on sentiment post-Trump statements fueled the move, with Dogecoin leading alt gains at +4%. On X, traders note positive weekly closes above key supports, confirming potential bottom with eyes on $90K.
Kraken's parent completed its Bitnomial acquisition, unlocking US-regulated crypto derivatives and boosting institutional access. Veteran trader Peter Brandt eyes $250K by late 2029 after a bottoming phase. While some caution mean reversion at current value extremes, bullish MACD crossovers and rising hashrate support upside bias.