Bitcoin Hits $80,000 for First Time Since May Amid Strong ETF Inflows

Bitcoin reached $80,000 for the first time since May, extending an eight-day recovery that saw it gain 28% in value.

The price surge has added approximately $350 billion to Bitcoin's market capitalization and erased losses accumulated since May.

However, the crypto is now testing resistance between $80,000 and $82,000, a level previously reached during its trading range in May.

The rally began after U.S. spot Bitcoin ETFs attracted about $1.92 billion last week, their strongest intake since October.