$Bitcoin has punched back through $80,000. BTC is trading at $81,006, up 5.75% over the past 24 hours, pushing its market cap back to $1.62 trillion on roughly $35.5 billion in daily volume. It is the cleanest green day the market has had in weeks, and this time the altcoins came along for the ride.

Why Did the Bitcoin Price Break Back Above $80,000?

There is no single smoking gun. The rebound above $80,000 extended a technology-led relief rally, coinciding with yen weakness and following a return to Bitcoin ETF inflows the previous day. The advance was already underway during European trading hours, before weak US economic figures gave markets a fresh argument against further monetary tightening.

In other words:…