Bitcoin Bulls Hold $80,500, 7% Weekly Rally to $1.63T
Bitcoin Bulls Defend $80,500 Support, Driving 7% Weekly Surge to $1.63 Trillion Cap
Bitcoin rose over the past week after buyers defended the $80,500 level, helping push the asset to a 7% weekly gain and lifting its total market capitalization to $1.63 trillion.
The move highlighted a period of relative resilience for Bitcoin, with the $80,500 area acting as a key support zone during the week. When that level held, demand appeared strong enough to keep price pressure tilted upward and sustain the week’s advance.
The market capitalization figure matters because it reflects the combined value of all bitcoin in circulation at current prices. A rise to $1.63 trillion signals a meaningful increase in overall market value alongside the weekly price recovery.
In practical terms, the ability to hold a widely watched support level often influences short-term market behavior, as it can shape sentiment and positioning. This week’s rebound shows that, at least around $80,500, buyers were willing to step in and absorb selling pressure.
