Bitcoin Breaks $80K Barrier with Strong Trading Volume
Bitcoin's price has reclaimed $80,000, reaching $80,695 on May 5, 2026. This marks a significant recovery for the asset, which had dropped below $75,000 in early April due to macro selloff tied to US tariff announcements.
The 24-hour volume of $47.3 billion places BTC well ahead of most other assets in the top 25, according to CoinGecko data. The market capitalization stood at $1.616 trillion, solidifying Bitcoin's position as the largest asset on the platform.
Despite a modest 1.26% price gain over the past 24 hours, the combination of volume and trending placement is notable for a Monday morning session in the European window. BTC's trending appearance alongside meme coins like DOGS and WOJAK suggests a broader influx of first-time or returning visitors to the platform.
With ETF inflows positive but not aggressive, institutional demand present but measured, market participants are watching the recovery trajectory closely. A retest of $85,000 would be the next technical area of interest for traders, and any break below $78,500 could shift the picture.