Bitcoin Price Surges Past $81,000 Amid Market Rebound and NEAR's Zcash Frenzy
Bitcoin's price recovery has pushed past $81,000, following a strong market signal that is reshaping how traders are reading recent events. The token's climb from below $76,000 to above $81,000 in just a few days coincided with a split verdict on Wall Street's crypto products: bitcoin funds saw positive inflows, while ether funds experienced outflows.
The 23% price jump of NEAR was driven by a sixfold increase in Zcash swap volume routed through NEAR Intents, a service that enables users to swap assets across different blockchains. This on-chain signal tends to draw speculative capital but raises questions about durable adoption versus short-term rotation.
Fidelity and BlackRock's bitcoin ETFs drove the recovery, with $433 million in inflows on Friday, while ether ETFs recorded $140 million in outflows, ending a four-week streak of positive flows.