On May 11, the price of the leading cryptocurrency briefly surpassed $82,200, reaching its highest level this month amid an influx of institutional capital.
As of this writing, Bitcoin is trading at $80,859 (+0.1% over the past day).
Analysts at Zeus Research attribute the rise to strong demand for spot Bitcoin ETFs and improved macroeconomic conditions.
According to SoSoValue, last week saw a net inflow into crypto funds of $622.75 million. This positive trend has persisted for six consecutive weeks, during which investors have poured over $3.4 billion into these instruments.
Source: SoSoValue.
Another supportive factor has been progress in discussions surrounding the CLARITY Act. Hearings on the bill in the relevant Senate committee are scheduled for May 14.
The Bitrue Research Institute noted that the decrease in volatility was also aided by a reduction in political tensions in the Middle East. However, analysts warned of the risk of a correction to levels between $78,000 and $80,000 if buying does not continue.
In the altcoin market, the leading gainer was the token SUI, which saw its price rise by 20% in a day, reaching $1.27.
Source: TradingView.
This rally is likely linked to the SUI Group's decision to stake 108.7 million coins, reducing the available supply in the market. Additionally, interest in the asset was boosted by the launch of futures on the CME and a partnership with fintech company Paga to implement cross-border payments.
The price of XRP broke through a multi-week resistance level at $1.45. This increase was accompanied by a surge in trading volumes, indicating activity from large players.
Source: TradingView.
The asset began its movement from the $1.41 range. Within an hour, trading volume exceeded $169 million, and the price reached a local maximum of $1.507. Later, the price corrected back to $1.45.
Analysts highlight the significance of breaking the $1.45 level, which had been a barrier to the rally since April. The high trading volume confirms the strength of the movement. However, momentum waned around the psychological level of $1.50.
Trader and analyst Michaël van de Poppe commented on the potential for altcoin growth. He noted that most assets have dropped by 90% since the summer of 2024 and are now beginning to recover.
Most #Altcoins have gone down by 90% since the Summer of '25.
— Michaël van de Poppe (@CryptoMichNL) May 10, 2026
They are barely breaking out, but the upside is enormous.
Things can go really quickly in a matter of weeks, and these are the first signs that we're seeing on the markets.
I don't think this will end relatively…
The expert noted that the market is showing early signs of growth that could accelerate over the coming weeks. He described the potential for upward movement as "enormous."
However, the trader cautioned about possible sharp corrections. He recommended gradually increasing the share of stablecoins in portfolios to be able to buy the dips.
Van de Poppe believes that the current cycle will not conclude anytime soon.
Short-Term Holder Profits
The unrealized profits of short-term Bitcoin holders (STH) reached $19.25 billion amid the asset's price increase, according to analyst Zizcrypto.
$BTC: STH Unrealized Profit Rebuilds Below Prior Peaks
— Zizcrypto (@_Crypto_glass) May 11, 2026
Short-Term Holder supply, defined as coins younger than 155 days, is seeing unrealized profit rise again as Bitcoin trades near $81K.
As of May 10, STH Unrealized Profit stands at $19.25B, showing renewed growth while… pic.twitter.com/dUrdlgH8Zi
STH refers to wallets holding coins for less than 155 days. Their profits are currently rising but remain significantly below previous peak levels. For comparison, in October 2025, this figure was $50.16 billion, and in January 2026, it was $28.35 billion.
The expert suggests that active selling zones may form at lower profit levels than before, indicating that the market does not need to return to extreme profit levels to initiate a correction.
The current situation indicates potential for further growth. However, as the rally continues, the sensitivity of new Bitcoin holders to price changes will increase.
Zizcrypto emphasized that profit growth does not necessarily confirm immediate selling. However, the behavior of short-term investors will be a key factor for the market if prices continue to recover.
Recall that on May 8, the price of the leading cryptocurrency fell below $80,000 amid U.S. strikes on targets in Iran.