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#BITCOIN JUST HIT $80,000 FOR THE FIRST TIME IN OVER 100 DAYS π
Bitcoin is back above $80,000 for the first time since mid-May.
That is a major level.
After months of selling pressure, ETF outflows, weak sentiment, and doubts about whether the cycle was still alive, Bitcoin has now reclaimed one of the biggest psychological price levels in the market.
In other words π Bitcoin did not move on one headline.
It moved because multiple catalysts hit at the same time.
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U.S. spot Bitcoin ETFs pulled in nearly $2B last week
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Trump pushed Congress to pass the CLARITY Act
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The CFTC and SEC are moving toward clearer crypto rules
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Short sellers were forced to cover
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Treasury liquidity support put macro pressure back in focus
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Debt, deficits, and dollar weakness are driving hard-money demand
That matters because Bitcoin is starting to trade like the asset its long-term thesis says it should be:
A scarce, global, non-government money in a world of rising debt, weakening currencies...