Bitcoin’s surge above $80,000 is once again forcing investors to
ask a familiar question: is cryptocurrency entering another major
bull market, or are markets simply witnessing another powerful but
temporary rally?

The answer may lie less in Bitcoin itself than in what is
happening across global financial markets.

Bitcoin has risen sharply in recent days, gaining more than 20%
over three days and recording its strongest three-day rally since
2023. U.S.-listed spot Bitcoin exchange-traded funds also attracted
approximately $1.92 billion in net inflows last week, their
strongest weekly result since October 2025. These…