Bitcoin surged 2.7% in the early hours on Monday, breaking the $80,000 barrier for the first time since January 31, 2026. The price spike began at 1:25 am UTC and continued for around 75 minutes, reaching $80,000 and then $80,515 at 4:20 am UTC, according to CMC data. Major altcoins also witnessed uptick and were trading in green following the overall market rally.
The MSCI AC Asia Index reached a new high of 245.2 on Monday morning, up 2.3% from its previous best of 243.6 on February 22, the day before the US-Iran confrontation began. This occurred at the same time as the rally was taking place.
Even if the MSCI AC Asia Index rose early in the week, it doesn’t mean US stocks will follow suit; it only demonstrates that global risk sentiment is positive after the events of the weekend.
Investors Optimistic
This month, the CLARITY Act is expected to undergo Senate markup after members of the crypto and banking sectors reached an agreement on stablecoin yield regulations. Perhaps the price surge is explicable given that this occurs as crypto momentum is building in Washington.
Institutional demand for Bitcoin seems to be substantial, as net inflows into US-based spot exchange-traded funds have happened on 11 of the past 14 trading days. On Friday, the Bitcoin ETF market had its highest day in two weeks, with $629.8 million streaming into the market.
Bitcoin has recovered about 30% to return to $80,000 from its 2026 low of over $62,000 established on Feb. 5, and many industry experts believe there is a chance for Bitcoin to reach $100,000.