Bitcoin Soars Past $77,500 on $1.9B ETF Inflows

Bitcoin has seen its largest three-year surge yet, rising by 23% to break through the $77,500 mark. This significant increase is largely attributed to a massive inflow of $1.9 billion into Bitcoin ETFs.

The rally marks a strong recovery for the market after a tough first half of 2026, shifting sentiment from bearish to bullish. A short squeeze and sustained institutional investment have contributed to this surge, with technical analysts now seeing $71,000 as a new support level.

However, Bitcoin faces significant selling pressure near $80,000, which could slow further gains as investors closely watch for the next move. This development has sparked hopes of a potential bull market similar to past recoveries in 2019 and other years.