Bitcoin rises past $80,000, breaking ‘major’ psychological resistance zone
Trump said the US will guide stranded ships through the Strait of Hormuz, while an Iranian official warned that this could violate ceasefire....
Coins in this story
Related stories
Recovery in bitcoin ETF inflows is real. It is just not complete yet.
While ETF inflows have resumed, the recovery has yet to match last fall’s peak....
Bitcoin climbs past $80K for the first time since January
Bitcoin surged past $80,000 Monday for the first time since January, rising 2.7% as Asian equities rallied. The breakout coincided with MSCI AC Asia Index gains and strong institutional inflows into US Bitcoin ETFs. Ethereum, XRP, and BNB also climbed. Industry analysts see potential for Bitcoin reaching $100,000, buoyed by positive regulatory momentum including stablecoin compromise in Congress and anticipated Trump administration announcements.
Strategy pauses bitcoin buys before Tuesday earnings
Strategy (formerly MicroStrategy) paused its weekly bitcoin purchases ahead of Tuesday's earnings report, with CEO Michael Saylor confirming resumption next week. The company holds 818,334 BTC—3.9% of total supply—and faces investor scrutiny on its capital-raising machinery, including high-yield STRC preferred shares. Analysts expect per-share losses despite revenue growth, signaling Strategy's shift from software firm to bitcoin financing vehicle.