Bitcoin Surpasses $81,000, Popular Memecoin Jumps 9%: What’s Behind the Rise?

Bitcoin surged to $81,400, driven by a rebound in technology stocks and a $176 million inflow into ETFs. PEPE outperformed other major cryptocurrencies. Bitcoin rebounded to $81,400 after falling below $80,000. During the same period, Ethereum gained 0.9%, while the CoinDesk Memecoin Index rose 1.3%. This movement coincided with a strong recovery in Asian technology stocks. South Korea's Kospi Index rose 6.6%, while AI chip maker SK Hynix gained nearly 11%. The company's announcement of a sevenfold increase in profits boosted risk appetite in AI-related stocks. Nasdaq-100 futures also rose 0.5%.