- Bitcoin’s breakout above $80,000 is linked to a sharp rise in Asian stock markets.
- The rally is believed to have been driven by shares of companies associated with artificial intelligence technology.
May 4 Bitcoin crossed the mark $80,000, coinciding with gains in Asian stock markets in South Korea and Taiwan, while Nasdaq 100 futures pointed to gains.
According to Happy Coin Hews analysis, the next technical hurdles are near the $82,000 level (200-day moving average) and the $83,000 range, which is in line with the cost of many spot market participants. ETF.
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The strongest signal didn’t come from the crypto sector; the leaders were shares of companies whose names have already become synonymous with the AI boom. During the Asian trading session, the South Korean Kospi index reached a historical maximum, breaking the 6900 point mark, while SK Hynix shares soared 13%, while Samsung shares rose 5,4%. In Taiwan, TSMC shares rose 6,6%, driving the Taiex index up 4,6%.
The reason why the situation was perceived more as an “AI bet” than a typical stock market rebound is due to the companies’ financial results. TSMC reported reported first-quarter revenue of NT$1,134 trillion, with net profit jumping 58,3% year-on-year. SK Hynix and Samsung similarly сообщили about record operating performance and robust demand for memory chips critical to artificial intelligence infrastructure.
Inflow into spot bitcoin ETF also affected the recovery of the Bitcoin price: on May 1, there was a fixed a sharp rebound of $480 million, while net inflows reached $629,8 million.
Key indicators ETF May 1, 2026:
- BlackRock (IBIT): inflow of funds – $284,4 million; total net assets – ~$63,53 billion.
- Fidelity (FBTC): capital inflow – $213,4 million.
- Total sector size: ~1,317 million BTC held, worth approximately $104,1 billion.
Considering that the IBIT fund alone holds over 810,000 BTC, the total of these ETF has become the main mechanism for transforming the risk appetite of public market participants into investments in BitcoinThis creates a feedback mechanism: rising revenues in the AI sector increase appetite for risky assets in the tech sector; the strong performance of the Nasdaq index confirms demand for US stocks; and bitcoin ETF allow brokerage account holders to implement the same investment strategy through investments in BTC.
The next important point for Bitcoin is whether it can hold above $80,000 and overcome the resistance at $83,000 without losing support from ETF.
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