Bitcoin Holds Near $77K as Rally Momentum Fades Below $80K

Bitcoin traded near $77,000 on Monday, holding last week's gains but remaining below the $80,000 mark after a 20% surge. The rally peaked Friday at roughly $79,500, its highest level in three months. The surge was driven by Treasury buybacks, a weaker dollar, ETF demand, regulatory optimism, and a historic short squeeze that liquidated over $4.3 billion in bearish positions. Analysts say this forced-buying momentum is fading, leaving Bitcoin dependent on sustained institutional inflows. US spot Bitcoin ETFs attracted $1.9 billion last week, the strongest 2026 total, led by BlackRock's IBIT. However, analysts caution that high Treasury yields still compete for capital, making $80,000 a key resistance level until the Federal Reserve signals policy easing.