Bitcoin has surpassed the $80,000 mark: what does this mean for the market?
4 May 14:57
Bitcoin, the world’s leading cryptocurrency, surpassed the $80,000 mark for the first time in more than three months, amid a rally in Asian stock markets. This happened on May 4, when the price of Bitcoin rose 2.1% to $80,594, its highest level since January 31. This was reported by Bloomberg , according to "Komersant Ukrainian".
According to the publication, Bitcoin is not the only one showing growth. Other cryptocurrencies, such as Ether, have also increased in value. This indicates a general positive trend in the cryptocurrency market.
“Sean McNulty, head of derivatives trading for the Asia-Pacific region at FalconX, stated that institutional activity in the derivatives market indicates ‘high confidence in reaching the $85,000 mark by mid-month,'” the publication reports.
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The rise in cryptocurrencies came as the MSCI Asia stock index approached the all-time high reached in February—just before the start of the U.S. and Israel’s war against Iran—as better-than-expected corporate earnings from tech companies last week fueled investor optimism.
Back in October 2025, Bitcoin reached a record high of over $126,000, but by February its price had fallen significantly to around $60,000. Since then, the cryptocurrency has gradually regained some of its former ground. This is partly due to increased institutional demand.
Caroline Moron, co-founder of Orbit Markets, believes that a break above $80,000 for Bitcoin will provide “further positive momentum for this asset class.”
As a reminder, on February 24, Bitcoin continued its decline, leading to the cryptocurrency industry’s steepest monthly drop in 2022. At that time, the cryptocurrency fell 2.9% to $62,701.
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