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Bitcoin Reclaims Strength: Breaks Through $80,000 Amid Institutional Domination
Entering the first week of May 2026, the crypto market is showing its enthusiasm again. After experiencing fluctuations earlier in the year, Bitcoin (BTC) has broken a three-month high with a psychological level of $80,000 (approximately IDR 1.42 billion) on Tuesday, May 5, 2026.
Main Price Drivers
This significant price surge did not happen spontaneously. Several fundamental factors are the main driving forces:
Massive ETF Inflows: The Bitcoin Exchange-Traded Fund (ETF) instrument continues to be a favorite among institutional investors. In a single trading day, fund inflows reached around $625 million. This indicates that the confidence of major financial institutions in Bitcoin as a reserve asset is becoming more solid.