Bitcoin Surges Above $80,000! Cryptocurrency Concept Stocks Soar, SEC "Greenlights" Tokenized Stocks as Catalyst

U.S. regulators have recently sent a series of positive signals to the crypto market. Bitcoin ETF funds are seeing renewed inflows, and the market is gradually digesting previous negatives, such as setbacks in crypto legislation and Federal Reserve rate hikes. On Friday, crypto assets saw a collective rally, with Bitcoin rising back above the $80,000 mark and crypto-related stocks across the board strengthening.

According to CoinMarketCap, Bitcoin (BTC), the largest cryptocurrency by market cap, accelerated its climb during Friday's European trading session, surpassing $80,000 intraday for the first time since September 4. It briefly exceeded $81,300 during U.S. midday trading, hitting a new high since September 4, rising over $5,000 or more than 6.7% from its daily low.

Ethereum (ETH), the second-largest cryptocurrency by market cap, briefly rose above $2,640 during U.S. midday trading on Friday, the highest since September 11, and was up more than 8.5% from its daily low. In addition to BTC and ETH, other major assets in the crypto market also rose in tandem, indicating that capital is not just concentrated on Bitcoin, but broader risk appetite is recovering.

The swift rise in crypto prices quickly spread to related U.S. stocks.