The world’s largest crypto rose 2.7% to $80,286.5
Bitcoin rose to a three-month high on Monday, driven by a swathe of recent buying in exchange-traded funds and long positions, although spot demand for the crypto still appeared soft.
The world’s largest crypto rose 2.7% to $80,286.5 by 04:55 GMT, and was sitting on a near 12% surge in April, as it benefited from bargain buying.
Some progress towards the passage of a major U.S. regulatory bill also helped, although the bill– the CLARITY Act– still appeared far from becoming law.
Broader crypto prices also rose on Monday. But bigger gains were largely held back by continued uncertainty over the Middle East war and global interest rates.
Bitcoin’s gains through April were driven chiefly by strong capital inflows in major U.S.-listed exchange-traded funds.
Data from aggregator SoSoValue showed net ETF inflows reached $1.97 billion in April, their highest level since October 2025– when Bitcoin last hit a record high.
But inflows still remained well below average monthly levels seen in 2025. The ETF inflows also coincided with a strong performance in U.S. stock markets through April.
Spot demand in the U.S., however, remained languid. Bitcoin continued to trade at a discount on Coinbase– the largest U.S. exchange– in relation to average global spot prices.
This indicated that U.S. retail demand for the crypto remained weak, and could herald a potential turnaround after its recent performance.
Strategy Inc – the world’s largest corporate Bitcoin holder – has paused its weekly Bitcoin buying activity this week, Chairman Michael Saylor said in a statement.
The move comes just ahead of Strategy’s first-quarter earnings, which are due on Tuesday.
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