Bitcoin Breaks Above $80K, Lifting Coinbase, Strategy and Robinhood Stocks Higher

TLDR

• Bitcoin surged 5% past $80,000, reaching its highest level since January 31
• Coinbase, Strategy, Robinhood, and other crypto stocks rose in premarket trading
• U.S. spot Bitcoin ETFs have attracted approximately $2.7 billion over the past three weeks
• Polymarket traders assign a 56% probability to Bitcoin hitting $85,000 this month
• A crypto strategist cautioned that the rally may be short-lived, given Bitcoin remains significantly below its $100,000+ all-time high

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(SeaPRwire) –   Bitcoin climbed above $80,000 on Monday, marking its highest price since January 31. The surge pushed shares of crypto-related companies higher during U.S. premarket trading.

Coinbase increased by 4.1% in premarket trading. Strategy, which holds substantial amounts of Bitcoin on its balance sheet, rose 3.3%. Robinhood gained 3.5%, Riot Platforms advanced 2.2%, MARA Holdings increased 2.8%, and Circle Internet Group jumped 6%. Galaxy Digital and Hut 8 each added 2.2%.

Coinbase Global, Inc., COIN

Block, a fintech company offering crypto products, also rose slightly by 0.5%.

During Monday morning trading in Singapore, Bitcoin reached as high as $80,393 after gaining up to 1.9%. At press time, it was trading at $79,692. Other cryptocurrencies, including Ether, also experienced gains.

The S&P 500 reached a record closing high on Friday, reflecting widespread risk appetite across markets heading into the week.

What’s Driving the Bitcoin Rally

U.S. spot Bitcoin ETFs have attracted about $2.7 billion over the past three weeks, pushing total net assets in these funds above $100 billion.

Analysts at CryptoQuant indicate that the buyers propelling Bitcoin back to $80,000 lack complete confidence. Both positioning data and on-chain signals reveal an uneven demand picture.

ETF inflows and leveraged long positions have contributed to steady price increases. However, analysts note that underlying demand remains weak overall.

On Polymarket, traders currently estimate a 56% chance Bitcoin will reach $85,000 before month-end. The likelihood of it hitting $90,000 this month is only 23%.

This suggests the market anticipates gradual upward movement rather than a rapid breakout.

Reasons for Caution

At least one well-known crypto strategist has warned that the recent price increase might prove temporary. Bitcoin remains well below its record high of over $100,000, achieved in late 2025.

Concerns about an extended “crypto winter” were widely discussed by analysts earlier this year, with some anticipating the downturn would persist through most of 2026.

All the stocks that rose on Monday are closely tied to Bitcoin’s price. When Bitcoin declines, these stocks typically follow suit.

Markets are also monitoring geopolitical developments. President Trump stated the U.S. would guide ships through the Strait of Hormuz. A senior Iranian official warned that U.S. interference there could violate ceasefire terms.

Bitcoin’s return above $80,000 represents its highest point in more than three months, primarily supported by continued ETF inflows that have now brought total net assets in U.S. spot Bitcoin funds past the $100 billion threshold.