Bitcoin has surged above the $80,000 mark, rebounding after a prolonged phase of subdued trading activity, as the crypto market starts the week with renewed momentum. Total market capitalisation has climbed to nearly $2.64 trillion, reflecting improving sentiment across digital assets.
Riya Sehgal, Research Analyst, Delta Exchange, explained that the primary catalyst behind the move remains strong institutional participation through spot Bitcoin ETFs, with recent inflows signalling steady demand from larger investors. This has been complemented by short-covering activity near the key $80,000 resistance zone, accelerating upside momentum after several failed breakout attempts in previous weeks.
“Bitcoin crossing the $80K mark, for the first time in over 3 months, is supported by renewed institutional demand, improving regulatory clarity and a steady recovery trend from earlier lows, all of which point to a more structured and confidence-driven market environment. Crypto markets naturally move through phases of expansion and correction, and moments like these reinforce that price fluctuations are an inherent part of an evolving asset class rather than a deterrent,” Raj Karkara, COO, ZebPay, said.
‘Mildly bullish, slightly stretched’
Meanwhile, Nischal Shetty, Founder, WazirX, shared that the bitcoin price action indicates demand is persisting despite a challenging macro backdrop.
He said that the Fidelity Wise Origin Bitcoin Fund recorded fresh inflows of $26.6 million early this month. The US Senate’s passage of the Clarity Act on May 2 also encouraged greater institutional participation by streamlining, thereby supporting incoming capital. In addition, the global macroeconomic scenario has also been bullish, with the Nasdaq recording new highs.
“Bitcoin’s technical indicators suggest the market is in a mildly bullish yet slightly stretched zone. 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, which confirms that the broader trend is upward, and the current price being above this is acting as a dynamic support,” he said.
Industry experts also observed that holding above $80,000 would be a significant confirmation for Bitcoin and could open room toward $82,000–$85,000, while immediate support is now seen near $78,000.
Overall, easing geopolitical concerns and healthier risk appetite are supporting prices, though macro events and volatility remain key near-term watchpoints.
Published on May 4, 2026