Bitcoin climbed above $80,000 for the first time since mid-May, extending a 23% weekly rally, its biggest in about three years. The surge reflects renewed optimism around crypto markets amid a combination of bullish signals and the liquidation of billions of dollars in leveraged bets. Despite the recovery, Bitcoin remains well below its October peak of around $126,000.

Bitcoin is up about 23% this week, on track for its best weekly gain since March 2023, as US Treasury bond buybacks lower yields and boost appetite for risk assets.

Bitcoin surged past $79,000 as a massive $2.7B short squeeze, US Treasury bond buybacks, and strong ETF inflows fueled a rapid recovery from the

Bitcoin's price surged further on Monday, flirting with $80,000 after U.S. exchange-traded funds had their best week since October.

Bitcoin climbed above $80,000 for the first time since mid-May, extending a 23% weekly rally, its biggest in about three years. The surge reflects renewed optimism around crypto…

Bitcoin reaches $81,257, marking a three-month high as optimism returns amid renewed interest in the debasement trade.

Improving liquidity expectations and a lower regulatory risk premium are supporting the cryptocurrency