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Bitcoin Rallies to $80K Amid Strong ETF Demand and Altcoin Momentum

Guavy AI Editorial Team
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BTC
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Bitcoin's strong monthly rebound has it entering the weekend near $80,000 after briefly reaching $81,280. The rally has attracted fresh ETF demand and revived altcoin momentum.

The cryptocurrency has gained roughly 9% over the past week and close to 30% during August, supported by dollar-debasement concerns and renewed institutional demand.

According to SoSoValue, US spot Bitcoin ETFs have recorded nine consecutive trading sessions of net inflows, attracting $3.04 billion during the streak. On August 27, they attracted $242.24 million in net inflows.

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