{"id":96978,"date":"2026-05-11T10:34:03","date_gmt":"2026-05-11T07:34:03","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=96978"},"modified":"2026-05-11T10:48:13","modified_gmt":"2026-05-11T07:48:13","slug":"bitcoin-briefly-tests-82000","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-briefly-tests-82000\/","title":{"rendered":"Bitcoin briefly tests $82,000"},"content":{"rendered":"

On May 12 bitcoin briefly traded above $82,200, the highest level since the start of the month amid institutional inflows.<\/p>\n

\"BTCUSDT_2026-05-11_09-53-39\"
Hourly chart, BTC\/USTD on Binance. Source: TradingView<\/a>.<\/figcaption><\/figure>\n

At the time of writing, bitcoin trades at $80,859 (+0.1% over 24 hours).\u00a0<\/p>\n

Analysts at Zeus Research explained<\/a> the rise by strong demand for spot bitcoin-ETF<\/a> and improving macroeconomic conditions.\u00a0<\/p>\n

According to SoSoValue, net inflows into crypto funds totalled $622.75 million last week. Positive momentum has persisted for six straight weeks, with more than $3.4 billion invested over the period.<\/p>\n

\"\u0421\u043d\u0438\u043c\u043e\u043a
Source: SoSoValue<\/a>.<\/figcaption><\/figure>\n

Progress on the CLARITY Act has offered an additional tailwind. Hearings in the relevant US Senate committee are scheduled<\/a> for May 14.\u00a0<\/p>\n

Bitrue Research Institute noted that easing political tensions in the Middle East also helped dampen volatility. Even so, analysts warned of a pullback toward $78,000\u2013$80,000 if buying does not resume.<\/p>\n

Among altcoins, SUI<\/a> led gains. Over 24 hours, it jumped 20% to $1.27.<\/p>\n

\"SUIUSDT_2026-05-11_10-11-59\"
Hourly chart, SUI\/USTD on Binance. Source: TradingView<\/a>.<\/figcaption><\/figure>\n

The rally likely reflects SUI Group\u2019s decision to stake<\/a> 108.7 million coins, reducing available supply. Interest was also supported by the launch<\/a> of futures on CME<\/span> and the project\u2019s partnership<\/a> with fintech firm Paga to enable cross-border payments.\u00a0<\/p>\n

XRP broke multi-week resistance at $1.45. The rise was accompanied by a spike in trading volumes, indicating activity from large players.<\/p>\n

\"XRPUSDT_2026-05-11_10-18-51\"
Hourly chart, XRP\/USTD on Binance. Source: TradingView<\/a>.<\/figcaption><\/figure>\n

The token moved out of the $1.41 area. Within an hour, trading volume exceeded $169 million and price reached a local high of $1.507, before retreating back to $1.45.<\/p>\n

Analysts noted<\/a> the importance of clearing $1.45\u2014this level had capped rallies since April. Heavy volume confirms the move, though momentum faded near the psychological $1.50 mark.<\/p>\n

Trader and analyst Micha\u00ebl van de Poppe highlighted the upside potential for altcoins. According to him, most assets have fallen by 90% since the summer of 2024 and are now starting to recover.<\/p>\n

\n

Most #Altcoins<\/a> have gone down by 90% since the Summer of ’25.<\/p>\n

They are barely breaking out, but the upside is enormous.<\/p>\n

Things can go really quickly in a matter of weeks, and these are the first signs that we’re seeing on the markets. <\/p>\n

I don’t think this will end relatively\u2026<\/p>\n

\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) May 10, 2026<\/a><\/p><\/blockquote>\n