Bitcoin Tops $80,000 as Strategy Skips Weekly Buy

Bitcoin climbed above $80,000 early Monday, reaching a peak of $80,529 Eastern Time before slipping to about $79,300. The level was the highest for the coin since late January.

Over the past 30 days Bitcoin has gained about 18%, according to CoinGecko, while Ethereum rose nearly 15% to roughly $2,350. Other large tokens, including XRP and Solana, posted smaller monthly increases.

Prices fell earlier this year after conflict in the Middle East weighed on risk assets. The market has recovered in recent weeks following a ceasefire and renewed hopes the fighting may end soon.

Trading volatility increased during the rally. CoinGlass data show more than $461 million in crypto futures positions were liquidated in the past 24 hours, including about $213 million in Bitcoin positions and $118 million in Ethereum positions. Short positions made up roughly $317 million of the liquidations.

Strategy holds about $65 billion in Bitcoin and typically announces weekly purchases on Monday mornings. The firm did not buy this week as it prepares to release quarterly results on Thursday. Strategy co-founder and executive chairman Michael Saylor posted on X, “No buys this week. Back to work next week.”

Market participants familiar with the fund’s buying cadence described the pause as a routine step tied to reporting procedures rather than a change in policy. Strategy has resumed purchases in past quarters after earnings disclosures, and observers will watch whether the firm returns to weekly accumulation next week.