Bitcoin Surges Above $80K on Renewed ETF Demand

Global markets were shaken on Thursday by developments in artificial intelligence, cryptocurrencies, and commodities. Bitcoin surged above $80,000 as renewed demand for US exchange-traded funds (ETFs) and increased risk appetite supported its rebound.

OpenAI and Anthropic, along with over 100 technology and financial services organizations, called on governments and businesses to strengthen defenses against AI-enabled cyberattacks. They urged companies to prioritize cyber defense and address existing vulnerabilities in their software.

Oil prices rose as hopes for renewed US-Iran negotiations faded, and flows through the Strait of Hormuz remained restricted. Gold also edged higher, supported by a weaker dollar and investor demand.