Bitcoin price extends gains, briefly tops $81,000 as crypto rally gathers pace
Bitcoin's price jumped 3% and briefly surpassed $81,000, closing in on its three-month high of $80,000. The cryptocurrency's rally has gathered pace, with some sources noting it has wiped out three months of losses in just one week. The surge has stalled at $80,000 as traders await inflation data.
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- ✓ Bitcoin jumped 3% and closed in on $80,000.
- ✓ Bitcoin reached a three-month high of $80,000.
- ✓ Bitcoin has wiped out three months of losses in 1 week.
What changed
The Bitcoin price briefly topped $81,000, marking a new high in its recent rally.
Live updates
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Bitcoin price surges, briefly tops $81,000
Bitcoin's price jumped 3% and briefly surpassed $81,000, closing in on its three-month high of $80,000. The cryptocurrency's rally has gathered pace, with some sources noting it has wiped out three months of losses in just one week. The surge has stalled at $80,000 as traders await inflation data.
Why it matters
The recent surge in Bitcoin's price is significant as it has made up for its losses over the past three months. This development is being closely watched by traders and investors, who are now awaiting inflation data that could impact the cryptocurrency's value. The rally's sustainability and future trajectory are uncertain.
What is confirmed
- Bitcoin jumped 3% and closed in on $80,000.
- Bitcoin reached a three-month high of $80,000.
- Bitcoin has wiped out three months of losses in 1 week.
What to watch next
- Inflation data release
- Sustainability of the rally
- Future price trajectory
confidence 90%Sources used for this update (6)
- CNBC — Bitcoin jumps 3%, closing in on $80,000 as rally gathers pace
- Bloomberg — Bitcoin (BTC) Reaches Three-Month High of $80,000 as Momentum Returns
- Yahoo Finance — Bitcoin has just wiped out three months of losses in 1 week
- WSJ — Bitcoin Rally Pauses After Jumping to Three-Month High
- Morningstar — Why Bitcoin Surged to USD 80,000, and What May Come Next
- Bloomberg.com — Bitcoin Rally Stalls at $80,000 as Traders Await Inflation Data
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