Bitcoin Blasts Past $81,000 Amid Cryptocurrency Market Surge

A surge in the cryptocurrency market has pushed Bitcoin's price above $81,000 again. The CoinMarketCap platform reports that Bitcoin rose by 4.97% over the past 24 hours to reach $81,045.75.

Ethereum also saw significant gains, increasing by 6.15% to $2,619.97. Other cryptocurrencies such as BNB, Zcash, and Monero also experienced price increases, with Monero rising by 11.38% to $573.35.

The rise in cryptocurrency prices comes amid a continuing recovery following the previous sharp sell-off. Declining oil prices and falling US Treasury yields have supported renewed interest in risk assets. However, the Federal Reserve's 25-basis-point interest rate hike and indications of further increases remain among the key risks for the market.