Bitcoin tops US$80,000 for the first time since May

Bitcoin also rallied without fresh buying from Strategy, the largest corporate holder, which has not added to its position in two weeks, per the firm. 

BTIG noted that a comparable surge in January 2023 faded before the token found support near its 200-day moving average, CNBC reported.  

Ether traded around US$2,490 and XRP rose 2.2 percent to US$1.51, according to the Wall Street Journal. 

Canadian ownership of crypto assets reached 25 percent, up from 10 percent in 2023, an Ontario Securities Commission survey published in July found, and 39 percent of investors who work with an advisor said their advisor had recommended at least a small portfolio allocation, nearly double the 19 percent recorded in 2023.  

Sadiq Adatia, chief investment officer at BMO Global Asset Management, told Wealth Professional last December that bitcoin price action offers a read on "where the appetite is, where the sentiment on markets is," rather than on the underlying economy.