Bitcoin has surged past $80,000, trading at $80,742 after a 0.5% gain in the last 24 hours, driven by easing geopolitical tensions in the Middle East and a significant $270 million in short liquidations. This resurgence reflects a renewed risk-on sentiment across global markets. Ethereum has seen a slight decline, trading at $2,377, while other major altcoins have experienced varied performance. The global cryptocurrency market capitalization has increased to $2.67 trillion. Analysts highlight that Bitcoin's price rise is supported by robust institutional demand, which is absorbing supply at a rate five times faster than new Bitcoin production. The ongoing geopolitical tensions, particularly between the US and Iran, have contributed to market volatility, with Bitcoin gaining over 20% since the onset of conflict. This rally is further bolstered by a streak of spot Bitcoin ETF inflows exceeding $335 million over the past week, indicating strong institutional interest despite broader economic uncertainties.