Bitcoin Surges Past $80,000 Threshold for First Time Since May

Bitcoin's price has surpassed $80,000 for the first time since May 2026, according to data from Coinmarketcap. The largest cryptocurrency rose over 4.2% in value over the last 24 hours and currently trades at $80,545 as of 0640GMT.

The total value of the global cryptocurrency market has reached $2.71 trillion with a 3.45% increase, marking another significant milestone for the industry.

Ethereum, which ranks second in terms of market value, rose to over $2,500 with an increase of 2.3%, further solidifying its position as one of the top-performing cryptocurrencies.