Bitcoin’s price surged 8% to 80,765 USD, influenced by considerable buying from large investors. Record-high margin longs on Bitfinex indicate strong confidence in Bitcoin’s growth trajectory despite market volatility.

A notable correlation between Bitcoin’s price and the global money supply indicates that expansionary monetary policies could further propel Bitcoin towards the 105,000 USD mark in the near future.

Evolving cryptocurrency regulations in the U.S. Are shaping market conditions. Recent discussions involving Donald Trump’s representatives and Binance’s potential stake acquisition may serve as catalysts for Bitcoin’s price movement.