BTCUSD- Bitcoin Rises to $81.5k as Buyers Take Control
Bitcoin (BTCUSD) has extended its rally, with the price up about 2% to $81,483.36 on Wednesday, slightly outpacing the broader market, which rose 0.91%.
Buyers have continued to take control of trading activities with sustained spot ETF inflows and easing Middle East tensions, boosting institutional risk appetite.
According to market reports, Bitcoin’s rally was fueled by $532 million in net inflows to U.S. spot ETFs on May 4, marking a third consecutive day of institutional buying.
Concurrently, de-escalation in U.S.-Iran tensions, including President Trump’s statement that a ceasefire remains “fully operational,” reduced macro fears and supported risk assets.
Institutional capital is returning, viewing Bitcoin as a beneficiary of calmer geopolitics and steady ETF demand. The next daily ETF flow report will confirm if the accumulation streak continues.
Bitcoin is consolidating near the $81,287 Fibonacci level after defending the $80,500 support zone. The 200-day simple moving average at $78,162 is the next major support.
The immediate trend is neutral-to-bullish, contingent on holding recent gains. A daily close above the $81,700 swing high to target the $82,286 extension; a break below $80,500 could signal a deeper pullback. XRP Price Approaches $1.44 in Fresh Breakout, Beats Bitcoin Gain
