Bitcoin surges above $80,000 for first time since January on ETF inflows

Bitcoin has surged above $80,000 for the first time since January, driven by renewed risk appetite among investors. U.S. spot bitcoin ETFs attracted approximately $2.7 billion over three weeks, pushing total net assets above $100 billion. The rally marks a significant recovery from earlier lows, with the cryptocurrency gaining momentum as institutional interest returns. The inflows into spot ETFs, which began trading in January 2024, have been a key catalyst, signaling growing mainstream acceptance. The price surge reflects broader market optimism, though volatility remains a concern. No further details on specific investors or future projections were provided.