Bitcoin surges past $80,000 for the first time since May 15, extending its recovery to 38% from June lows
The cryptocurrency's latest leg higher was accompanied by renewed demand from traditional investors, with U.S.-listed spot Bitcoin ETFs attracting about $1.9 billion last week, marking the largest weekly inflow since October 2025. The broader crypto recovery accelerated as falling Treasury yields provided relief, following the U.S. Treasury's plan to double buybacks of long-dated government bonds through early November, funded by short-term debt issuance. The final push to $80,000 on Monday was attributed to the Treasury's suggestion of tapping its nearly $1 trillion General Account to fund these buybacks.
Source:CoinDesk · Source Link
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