Bitcoin reclaimed $81,000 and smaller tokens including Utya, Dogs and LAB led the day’s crypto gainers.
Bitcoin moved back above $81,000 on May 5, giving the crypto market a firmer tone and helping smaller tokens like Utya, Dogs and LAB lead the gainers board.
MarketWatch reported that Bitcoin hit an intraday high of $81,705, its highest level since January 31. Barron's separately noted the move back above $80,000 and framed $81,000 as a key resistance area.
The rebound came as market watchers pointed to renewed demand in U.S. spot Bitcoin ETFs and short covering. Farside Investors' ETF flow table remains the reference point many traders use to track daily inflows.
CoinGecko data for Utya, Dogs and LAB showed those tokens moving sharply higher around the same period, matching the day’s broader risk-on tone in crypto.
The immediate question is whether Bitcoin can hold above the $81,000 level and whether ETF inflows keep supporting the move. For smaller tokens, the bigger question is whether the day's gains stick or fade once the broader market cools.
Secondary coverage cited slightly different ETF inflow totals for the same period, but the direction was the same: Bitcoin's recovery was being helped by stronger institutional flows and market positioning.
Revision note
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