Bitcoin Hits $81,000 as Crypto Markets Surge

Crypto markets continued their upward trend over the past 24 hours, with Bitcoin reaching as high as $81,000 before settling back to around $79,762. This represents a 1.4% increase in value over the past day and a 7.3% gain for the week.

Ethereum held steady at around $2,489, while XRP gained 1.8% to reach $1.43. Solana surged 5.6% to $106.94, making it one of the top gainers in the market.

Among the top trending searches were Solana and Hyperliquid, which both saw significant gains. However, some analysts are warning that buying support may be thinning even as prices climb.

Several notable events took place over the past day, including Nvidia's acquisition of open-source AI platform Hugging Face for $12.9 billion. Additionally, Glassnode flagged a potential resistance zone around $83,000-$86,000 where 1.05 million BTC held by long-term holders would break even.

Bitcoin ETF inflows continued to pour in, reaching approximately $2.8 billion over the past eight days. Meanwhile, 'Set 10 Big Goals First' whale Jason60704294 has flipped back to a bullish stance, predicting a return to $100,000-$120,000 for BTC.