Bitcoin price tops $80,000 with 22% gain in 5 weeks despite low on-chain activity.

Bitcoin's price surged past $80,000 for the first time in three months, marking a 22% increase over five weeks. This rise is linked to easing geopolitical tensions, including Iran's peace proposal and U.S. naval escort commitments, which helped reduce inflation pressures and oil prices. However, on-chain activity remains at a two-year low, suggesting limited new user growth despite the price rally. Investors will watch if Bitcoin can sustain this price level amid low network activity and ongoing geopolitical developments.