Bitcoin Breaks Back Above $80K as Altcoins Rally

The Bitcoin price has broken back above $80,000 after a rebound that started during European trading hours. This move came as part of a technology-led relief rally, which coincided with yen weakness and followed a return to Bitcoin ETF inflows the previous day.

According to data, BTC is now trading at $81,006, up 5.75% over the past 24 hours. The market capitalization has pushed back to $1.62 trillion on roughly $35.5 billion in daily volume.

The altcoins are also participating in the rally, with Solana leading the majors at $111.53, up 10.28% on the day and 9.66% on the week. Ethereum added 5.37% to $2,596, while XRP gained 5.94% to $1.38.

However, some experts are cautioning that this rebound may be just a relief bounce until proven otherwise. Repeated ETF inflows would be a more convincing demand signal than a single day of buying.