Bitcoin Surges to $81,034 on Oil-Driven Bond Yield Surge

Bitcoin surged to $81,034 on Bitstamp during Friday's Wall Street open, a 6% daily gain driven by oil-supply concerns that pushed US bond yields higher and an aggressive unwinding of bearish crypto positions.

The confluence of macro pressures and derivatives positioning ignited a rapid rally, with cross-crypto short liquidations totaling nearly $250 million over four hours.

The International Energy Agency warned that further demand reductions may be necessary if Gulf supply constraints persist, with Hormuz oil flows down 13.1 million barrels per day from pre-war levels.