Bitcoin Price Reclaims $80,000 as the Entire Crypto Market Turns Green

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Bitcoin is back above $80,000 after a 5.75% daily jump, and almost every major coin followed. Here is what is driving the move and which altcoins lead.$Bitcoin has punched back through $80,000. BTC is trading at $81,006, up 5.75% over the past 24 hours, pushing its market cap back to $1.62 trillion on roughly $35.5 billion in daily volume. It is the cleanest green day the market has had in weeks, and this time the altcoins came along for the ride.Bitcoin price today in USDWhy Did the Bitcoin Price Break Back Above $80,000?There is no single smoking gun. The rebound above $80,000 extended a technology-led relief rally, coinciding with yen weakness and following a return to Bitcoin ETF inflows the previous day. The advance was already underway during European trading hours, before weak US economic figures gave markets a fresh argument against further monetary tightening.In other words: risk appetite is recovering, and Bitcoin is the highest-beta expression of that. Repeated ETF in...