Bitcoin rallied back above $81,000 after a US Spot Bitcoin ETF drew $593 million in two days, despite continued market pressure.

Bitcoin's price surged to $81,385, a 26.16% increase over the past seven days, driven by several factors including institutional investor capital, market liquidity, and buying in the derivatives market.

The US Spot Bitcoin ETF drew net capital of $1.92 billion last week, the highest in 10 months, after Bitcoin surged 23% to around $77,000.

Capital outflows from US Spot Bitcoin ETFs reached their highest level in six weeks amid a sluggish market, dragging down the crypto market due to high interest rates.

Bitcoin prices recovered from $65,000 to $70,000 following a decline in crude oil prices, while institutional investor flows helped stabilize the market. US Spot Bitcoin ETFs continued to attract institutional investment, with net inflows of approximately $568 million last week.

The cryptocurrency market declined for the fourth consecutive month in January amid tight liquidity conditions and macroeconomic policy uncertainty.

Spot Bitcoin ETF Attracts Over $6.6 Billion in 12 Days, Brings Assets Under Management (AUM) to $152.4 Billion

Bitcoin surges above $120,000, hits all-time high of $121,492, according to coinmarketcap.com.

BlackRock’s iShares Bitcoin Trust (IBIT) saw its biggest single-day outflow since its launch last year, setting a new record for three consecutive trading days of outflows.

"Bitcoin" surged more than 9% last week, nearing a new high of $68,400, supporting other cryptocurrencies to rebound following the Spot Bitcoin ETF.