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Bitcoin breaks $81,000, surging 7% weekly amid eased Middle East tensions and strong market support.

Market News
05 May 2026
Bitcoin
View Source
Bullish
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Bitcoin surged past $81,000 for the first time in months, reaching an intraday high of $81,714, driven by eased tensions in the Middle East and strong investor support above $80,500. The rally caused $202 million in short liquidations and lifted Bitcoin's market cap to $1.63 trillion, contributing to a total crypto market cap of $2.77 trillion. The Trump administration's diplomatic efforts helped calm fears of broader conflict, stabilizing oil prices and boosting market confidence. This positive momentum suggests continued investor interest as geopolitical risks temporarily subside.

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