Bitcoin has surged past the $80,000 mark for the first time since January, driven by a six-week rally in U.S. equities. The Bitcoin bull-bear cycle indicator has turned green, signaling renewed bullish sentiment in the market. Meanwhile, the Bhutanese government transferred 100.44 BTC, valued at approximately $8.2 million, further highlighting active institutional participation. In related developments, MARA has sold $1.5 billion in Bitcoin to focus on AI infrastructure, while Grayscale has applied to convert its Zcash trust into a spot ETF. Despite these positive movements, a significant sell wall is noted near $81,270–$81,300, according to Coinglass monitoring. Additionally, Bakkt reported a net loss of $11.7 million for Q1, with revenue declining 77% as it pivots towards stablecoin infrastructure and AI finance.