Bitcoin Surges Past $80,000 on ETF Inflows

Bitcoin has surpassed $80,000 in value after a jump above this level, and interest in spot exchange-traded funds (ETFs) remains the main driver of market activity. According to SoSoValue data, ETF inflows have attracted $2.8 billion over eight consecutive trading days, which is the longest streak of net inflows since April.

The largest cryptocurrency rose by more than 1% in value since the start of the day UTC and has gained around 23% over the week. Despite a calmer market compared to last week's rapid growth, there is still steady demand from institutional investors.