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Bitcoin surges 6% to reclaim $80,000 as oil prices fall

  • Bitcoin reclaimed $80,000 as its price rose.
  • Bitcoin gained 6% amid falling crude oil prices.
  • Fidelity's Jurrien Timmer identified the move as a new bull-market cycle's start.

Bitcoin rose 6% to reclaim $80,000 as falling crude oil prices eased inflation concerns and lifted markets. Fidelity's Jurrien Timmer described the move as the end of Bitcoin's one-year winter and the start of a new bull-market cycle.

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