Bitcoin Tops $82K on ETF Inflows as Sui Surges 25%

Bitcoin rose above $82K on ETF inflows and improving sentiment, while Sui jumped 25% on staking and ecosystem catalysts.

Bitcoin News

Bitcoin (BTC) briefly

above $82,200 on Sunday, its highest level since May 6, before settling at $81,700, up 1.4%. Analysts attributed the move to sustained institutional demand, improving macro conditions, and legislative progress on crypto regulation.

Spot Bitcoin exchange-traded funds recorded $622.7 million in net inflows last week, extending a streak to six consecutive weeks of positive flows, according to SoSoValue data. Over those six weeks, the ETFs have attracted more than $3.4 billion in net inflows, tightening available spot supply.

The US Senate Banking Committee announced it will hold a markup hearing for the CLARITY Act on May 14, advancing

legislation that has been stalled for months. Zeus Research analyst Dominick John said progress on the bill is lifting long-term market sentiment alongside the institutional inflow momentum.

"Bitcoin hits $82,000 as institutional inflows accelerate, macro conditions improve, and persistent spot ETF demand continues to tighten supply," John

. "Meanwhile, progress on the Clarity Act is boosting long-term sentiment."