Bitcoin price extends gains, briefly tops $80,000 overnight, as crypto rally gathers pace

Bitcoin initially surged past the $80,000 mark, as renewed inflows into spot bitcoin ETFs and improving risk appetite extended the recent crypto rally.

Crypto is having an extended 3-day rally, and it looks a lot like what happened back in 2023, according to at least one analyst. Cryptocurrencies such as Bitcoin and Ethereum and crypto-related stocks are up today, starting the week on a high note, amid worries about the growing U.S deficit and inflation, according to

Bitcoin closed at US$77,755 on August 23 after a debt-policy and short-squeeze rally. XRP led majors at +3.99%, while stablecoins dominate LatAm flows.

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