Bitcoin's price tops $80,808 as ETF inflows, crypto market gains and $409 million in liquidations fuel the rally.

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

On Monday, bitcoin's price rose to an intraday high of $79,989 per unit, the highest price range of August so far.

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…