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Bitcoin Surges Above $80K on ETF Inflows
Bitcoin reached a three-month high on Monday, driven by a wave of ETF inflows and long positioning, although spot demand remained relatively weak.
The world’s largest cryptocurrency rose 2.7% to $80,286.5 as of 08:55 GMT, posting nearly 12% gains in April, largely supported by dip-buying activity.
Additional support came from progress surrounding the CLARITY Act in the United States, although the legislation is still far from being fully adopted.
The broader crypto market also moved higher on Monday, though further gains were limited by uncertainty surrounding Middle East tensions and global interest rates.
Bitcoin Gains from ETF Flows While Spot Demand Remains Weak
Bitcoin’s April rally was largely driven by strong inflows into U.S.-listed ETFs.
Data from SoSoValue showed net ETF inflows reached $1.97 billion in April — the highest level since October 2025, when Bitcoin last hit an all-time high.
However, inflows remained below average monthly levels seen throughout 2025. These flows also coincided with strong performance in U.S. equity markets.
Spot demand in the U.S., however, remained weak. Bitcoin continued trading at a discount on Coinbase compared to global spot averages.
This suggests subdued retail demand and could signal a potential pullback following recent gains.
Strategy Inc. Pauses Bitcoin Purchases Ahead of Earnings
Strategy Inc., the largest corporate holder of Bitcoin, paused its weekly buying activity, according to chairman Michael Saylor.
The move comes ahead of the company’s first-quarter earnings report, scheduled for Tuesday.
Forecasts indicate a potential loss of $13.67 per share on revenue of $120.75 million. The company previously reported significant losses in Q4 due to declines in Bitcoin asset valuations.
Crypto Prices Today: Altcoins Follow Bitcoin Higher
The broader crypto market moved higher in tandem with Bitcoin.
Ethereum rose 3.6% to $2,387.64.
XRP and BNB gained more than 2% each.
Solana and Cardano increased by 2.3% and 1.9%, respectively.
Among meme coins, Dogecoin jumped 4.6%, while TRUMP rose 0.8%.
See also: "Bitcoin Targets $80,000 Amid Regulatory Progress"
