Analysts say it's still too early to tell if this will translate into a bull market, given sticky inflation and geopolitical uncertainty.

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.