{"id":96771,"date":"2026-05-04T09:56:27","date_gmt":"2026-05-04T06:56:27","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=96771"},"modified":"2026-05-04T10:11:06","modified_gmt":"2026-05-04T07:11:06","slug":"bitcoin-surpasses-the-psychological-barrier-of-80000","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-surpasses-the-psychological-barrier-of-80000\/","title":{"rendered":"Bitcoin Surpasses the Psychological Barrier of $80,000"},"content":{"rendered":"

On the morning of May 4, the price of the leading cryptocurrency rose to $80,500. A shift in the news landscape surrounding the conflict between the US and Iran was one of the growth drivers.<\/p>\n

At the time of writing, Bitcoin is trading around $79,900, having appreciated by 2.3% over the past 24 hours.<\/p>\n

\"Bitcoin
Hourly chart of BTC\/USDT on Binance. Source: TradingView<\/a>.<\/figcaption><\/figure>\n

The price of Ethereum increased by nearly 3%, XRP<\/a> by 1.9%, and BNB and Solana<\/a> by 2.7% and 1.8%, respectively.<\/p>\n

\"Top-10
Source: CoinMarketCap<\/a>.<\/figcaption><\/figure>\n

The volume of liquidations in the crypto market reached $359.2 million over 24 hours, with more than $300 million attributed to short positions.<\/p>\n

\"Liquidation
Source: CoinGlass<\/a>.<\/figcaption><\/figure>\n

According to Nick Rak, director of LVRG Research, the rise above $80,000 signifies a break from the resistance zone that had constrained Bitcoin over the weekend.<\/p>\n

\n

\u201cThe swift breakthrough shifted the short-term momentum to a bullish stance and confirmed the strength of buyers after the previous pullback,\u201d<\/em> he noted<\/em><\/a>.<\/em><\/p>\n<\/blockquote>\n

Dominic John, an analyst at Zeus Research, added that the market experienced a technical short squeeze: participants who had opened short positions at a strong threshold began closing them as the price rose, which amplified the upward momentum.<\/p>\n

Geopolitical Factor<\/h2>\n

Positive news regarding the Middle East situation also influenced market dynamics. US President Donald Trump announced<\/a> the launch of the Project Freedom initiative.<\/p>\n

The American side will ensure the passage of stranded merchant ships through the Strait of Hormuz.<\/p>\n

Simultaneously, the US leader reported \u201cpositive negotiations\u201d with Tehran but warned that any obstruction to \u201cProject Freedom\u201d would meet with \u201cresolute resistance.\u201d<\/p>\n

Brent crude is trading around $107 per barrel, while WTI is at $101.<\/p>\n

Institutional Demand<\/h2>\n

Another contributing factor is the American spot Bitcoin-ETF<\/a>s. Inflows have continued for the fifth consecutive week.<\/p>\n

By the end of April, these instruments attracted $1.97 billion\u2014the highest figure since October 2025.<\/p>\n

\"Bitcoin
Source: SoSoValue<\/a>.<\/figcaption><\/figure>\n

An analyst under the pseudonym Darkfost also pointed to increased activity among large players. Amid the rise of the leading cryptocurrency, the whale inflow ratio on Binance increased to 0.51.<\/p>\n

\n

\ud83d\uddde\ufe0f Whale Inflows activity resurface as Bitcoin pushes higher.<\/p>\n

Since February 6, Bitcoin has posted a performance of around +32%, largely driven by derivatives market dynamics. <\/p>\n

However, the macroeconomic environment has not materially improved in recent months.
The escalation\u2026 pic.twitter.com\/NtzdWkMTWu<\/a><\/p>\n

\u2014 Darkfost (@Darkfost_Coc) May 4, 2026<\/a><\/p><\/blockquote>\n