Bitcoin crossed the $80,000 mark on Friday, trading around $80,826, up nearly 4% over 24 hours. This rally was driven by declining expectations for Federal Reserve rate hikes, with the probability of a September rate increase falling to approximately 50%, down from over 63% earlier in the week. Technically, the weekly Supertrend signal has turned green, an indicator that has historically marked the start of previous bull runs. U.S. spot Bitcoin ETFs recorded $730.8 million in net inflows on Thursday, with $454 million going to BlackRock’s IBIT fund alone. However, BTC remains approximately 36% below its all-time high of $126,195 reached in October 2025.
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