Bitcoin trades near $81K despite strong US jobs data; ETF inflows and CLARITY Act optimism support sentiment

Bitcoin traded near the $81,000 mark on Monday despite strong US jobs data, while the market sentiment remained supported with strong ETF inflows and optimism around the Senate’s upcoming vote on the CLARITY Act. The cryptocurrency was trading at the $80,781 mark.

In the past 24 hours, Bitcoin slipped 0.03% whereas Ethereum was up 0.2% to trade at $2,333. Among the major altcoins, XRP, BNB, Solana, Dogecoin, Cardano gained up to 2.5% whereas Hyperliquid went down 2%.

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Akshat Siddhant, Lead quant analyst, Mudrex said that Bitcoin is holding above the $81,000 level despite stronger-than-expected U.S. nonfarm payroll data reducing expectations of near-term rate cuts. The market sentiment, however, remained supported by optimism around the Senate’s upcoming vote on the CLARITY Act, which helped sustain buying interest over the weekend.

Siddhant further said that institutional demand stayed strong, with Bitcoin ETFs recording $630 million in net inflows last week. The week ahead will be driven by macro triggers, with the CPI data and the Fed leadership change influencing the market direction.

The global crypto market capitalisation went up 0.08% to $2.69 trillion, according to CoinMarketCap.

Bitcoin price corrected as oil surged 3% after Trump rejected Iran’s response to the US peace proposal, while rapidly depleting world oil reserves indicate a volatile phase ahead, according to CoinDCX Research Team.

In the past week, Bitcoin was up 0.6% whereas Ethereum slipped 2%. Among the major altcoins, XRP, BNB, Solana, Tron, Cardano rallied up to 11% whereas Dogecoin and Hyperliquid were down 3.5% and 0.6% respectively.

CoinSwitch Markets Desk said Bitcoin traded above the $82K level over the weekend as investors prepared for a key week of U.S. economic data as markets closely watch upcoming inflation readings, including CPI and PPI, along with OPEC’s oil outlook, as these releases could influence expectations around future Federal Reserve rate cuts.

What other analysts are saying

Vikram Subburaj, CEO, Giottus

The asset continued its recovery above the important $80,000 level after experiencing volatility last week. The market stabilised as institutional participation remained relatively resilient despite softer ETF flows and rising caution ahead of key U.S. inflation data.

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Avinash Shekhar, Co-Founder & CEO, Pi42

The crypto market is currently moving at the intersection of geopolitics, macroeconomic data, and liquidity expectations. Bitcoin, which is currently trading above the $80,000 mark, and Ethereum continue to witness heightened volatility as investors closely monitor developments around the US-Iran conflict, upcoming US CPI data, and signals from the Federal Reserve on interest rates.

WazirX Market’s Desk

Technical indicators continue to support a positive setup, with the RSI at 63.29 indicating healthy momentum and the moving averages leaning toward a buy bias. Dips around the $80K level may be seen as accumulation opportunities if broader momentum holds.

Riya Sehgal, Research Analyst, Delta Exchange

Bitcoin and Ethereum are consolidating after a sharp recovery rally, with markets pausing near resistance as traders assess macro and regulatory developments. The dormant whale transfer of 500 Bitcoin is notable for sentiment, but not large enough on its own to change broader market structure unless followed by exchange inflows or sustained selling pressure. Markets are also watching Washington, where progress on the CLARITY Act could support regulatory certainty for digital assets and stablecoins.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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