Bitcoin price broke above $81,000 during Asian trading hours and early U.S. hours on May 5, 2026, its highest since late January, according to a report by Micah Zimmerman for Bitcoin Magazine. [1] The move followed a first-quarter low near $60,000 in February. [2]
The surge was driven by a confluence of institutional inflows into U.S. spot Bitcoin exchange-traded funds (ETFs), easing geopolitical tensions in the Middle East, and positioning in the derivatives market, according to multiple reports. [1] U.S. spot Bitcoin ETFs recorded $2.44 billion in net inflows in April, the strongest monthly figure since October 2025, the report stated. [1]
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