Bitcoin Surges Past $80k as Relief Rally Grips Markets
The price of Bitcoin surged past $80k on September 18 as markets experienced a relief rally, driven by improved demand and yen weakness.
The move coincided with a return to inflows for US spot Bitcoin ETFs the previous day, which recorded net inflows of USD 159.5 million on September 17.
The relief rally was led by technology stocks, and the equity backdrop was already firmer ahead of the weak US economic data releases that followed.