Sberbank Adoption Drives Bitcoin Price Above $78K Amid Market Uptick

Bitcoin's price has risen to $78,653 in Sunday's trading session, marking a 0.92% increase. This move is closely tied to the 1.02% rise in the total crypto market cap.

The increase suggests that the market-wide lift is driving the prices up rather than any Bitcoin-specific event. According to data, liquidations have plummeted by 94.25%, indicating a significant drop in forced selling.

Additionally, spot Bitcoin ETFs have attracted over $900 million in net inflows last week, demonstrating persistent institutional demand despite a one-day outflow on Friday.

The market is currently digesting recent gains with reduced speculative leverage, providing a stable base for modest upward movement. The immediate technical structure shows Bitcoin consolidating between support at $77,500 and resistance at $79,000, $81,000.