Bitcoin Surges Above $80k Amid Relief Rally

Bitcoin's price rebounded above $80,000 on September 18th in what appears to be a broader relief rally. The move coincided with yen weakness and followed a return to Bitcoin ETF inflows the previous day.

The advance was already underway in European trading hours before weak US economic figures offered a possible argument against further monetary tightening.

At press time, Bitcoin traded at $80,856, up 5.60% over 24 hours, according to Dow Jones, which reported the price at $78,309, up 2.3%, in early European trading.