Bitcoin surges past $80,000 to three-month high as risk rally builds amid liquidity tailwinds

Bitcoin climbed above the $80,000 mark for the first time in more than three months on Monday, extending gains in a broader risk-on move across global markets supported by easing liquidity conditions and improving institutional sentiment.

The cryptocurrency was trading around $80,147, up 2.77 per cent, while Ethereum rose nearly 3.5 per cent to about $2,383 over the past 24 hours, according to market data. Price action suggests sustained demand for digital assets despite an uneven macroeconomic backdrop.

Market sentiment was further underpinned by continued inflows into crypto-linked investment products. The Fidelity Wise Origin Bitcoin Fund recorded fresh inflows of $26.6 million earlier this month, signalling renewed institutional participation in the asset class.

Policy developments in the United States also added to the momentum. The US Senate’s passage of the Clarity Act on May 2 has been viewed by market participants as a step toward regulatory simplification, potentially encouraging greater institutional capital flows into the crypto ecosystem.

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“The price action indicates demand is persisting despite a challenging macro backdrop,” said Nischal Shetty, founder of WazirX, pointing to a combination of regulatory progress and improving investor confidence as key drivers of the latest rally.

Broader global markets have also supported the uptrend, with US technology-heavy indices such as the Nasdaq hitting fresh highs in recent sessions, reinforcing risk appetite across asset classes.

From a technical standpoint, Bitcoin is currently in a mildly “bullish but slightly stretched zone,” Shetty said.

“Momentum indicators like MACD indicate there is still strength in the current move. 10, 20, 50 and 100-day moving averages are all aligned on the buy side,” he said.