BTC is trading at $82,146 this Monday, May 11, marking a 1.8% increase for the day and a 4.6% rise over the week. ETH is following suit, priced at $2,369, buoyed by a renewed appetite for risk across crypto markets. This upward movement comes after a period of consolidation where BTC hovered around the $80,000 mark for several days. The rebound occurs within a calmer macroeconomic environment compared to previous weeks. Investors appear to be digesting the latest U.S. inflation data, which presented no unwelcome surprises. Furthermore, inflows into crypto investment products, particularly spot Bitcoin ETFs, resumed their upward trend last Friday, signaling a return of institutional confidence. The market also seems to be shrugging off persistent geopolitical tensions, preferring to focus on the sector’s fundamentals. For traders, this positive day could herald the beginning of a new short-term bullish phase. However, caution remains key: trading volume has not yet exploded, suggesting the movement is driven more by strategic purchases than widespread enthusiasm. If Bitcoin manages to sustain above $82,000 in the coming days, the psychological barrier of $85,000 could become a realistic target. For now, the market holds its breath.
