Thursday, 12 November 2026 IPO data updated 9 minutes ago

Bitcoin surges above $80,000 🚀

Bitcoin surges above $80,000 🚀

Bitcoin surges above $80,000 🚀

• Bitcoin has crossed $80,000 for the first time since May.

• It climbed as high as $81,257 in Asian trading on Tuesday.

• Bitcoin has rallied around 23% in the past seven days, marking one of its strongest weekly gains in nearly three years.

• The rally was supported by US Treasury bond buybacks and a weaker dollar, reviving the “debasement trade.”

• Investors are turning towards Bitcoin and Gold amid concerns around inflation, government debt and currency debasement.

• US-listed Bitcoin ETFs saw strong demand, recording $1.92 billion in net inflows last week.

• Crypto-friendly signals from the Trump administration and improving regulatory sentiment have also boosted investor confidence.

• A sharp short squeeze and liquidation of leveraged bearish bets further accelerated Bitcoin’s rally.

A weaker dollar, strong ETF inflows, regulatory optimism and a short squeeze are driving Bitcoin higher, though crypto volatility remains a key risk.

This news is for information only and is not investment advice. Please do your own research before making investment decisions.