Bitcoin traded at $80,789.2, up about 0.8%, approaching $81,000 amid strong institutional demand.
BNY Mellon announced May 7 launch of regulated Bitcoin and Ether custody services in Abu Dhabi, expanding institutional infrastructure.
BlackRock’s iShares Bitcoin Trust recorded record inflows, while analysts project Bitcoin could reach $250,000 with continued ETF support.
Investors monitor US‑Iran tensions after Strait of Hormuz clashes, awaiting Tehran’s response to a new US cease‑fire proposal.