Bitcoin has rebounded above US$80,000 as cryptocurrency markets recover from several days of heavy selling, with Ethereum, Solana, XRP and BNB also posting strong gains.

Bitcoin was trading around US$80,518, up about 4.7% over 24 hours, while Ethereum gained almost 7% to US$2,420.

BNB rose around 3.6% to US$718, XRP added nearly 4% to US$1.30 and Solana climbed more than 4% to US$95.75.

Dogecoin was also firmer at around US$0.077, while Chainlink gained more than 5%.

ETF outflows remain a concern

The recovery comes despite continued selling from US-listed cryptocurrency exchange-traded funds.

Spot Bitcoin ETFs recorded about US$116 million in net outflows on November 3, while Ethereum funds lost another US$85 million.

Combined…