Daily Market Updates: Bitcoin jumps 3% toward $80,000 as spot ETF inflows lift demand

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Bitcoin jumps 3% toward $80,000 as spot ETF inflows lift demand

The rally was supported by renewed inflows into spot bitcoin ETFs and an improvement in overall risk appetite.

Reported · Written up by our desk · Bitcoin

Bitcoin rose about 3% to close near the $80,000 level, extending its recent rally, according to CNBC Markets.

CNBC Markets added that renewed inflows into spot bitcoin exchange traded funds helped boost demand for the cryptocurrency as investors’ risk appetite improved.

A separate CNBC World update echoed the same drivers for the move, pointing to spot ETF inflows and firmer sentiment.

The coverage cited the near-$80,000 finish as the latest sign of momentum building around the bitcoin market.

Latest closeBitcoin $80,218.10 ▲3.2%

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Sources

CNBC MarketsBitcoin jumps 3%, closing in on $80,000 as rally gathers pace

CNBC WorldBitcoin jumps 3%, closing in on $80,000 as rally gathers pace

Crypto

Bitcoin jumps 3% toward $80,000 as spot ETF inflows lift demand

More like this

Sources

Get the close, explained.