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Bitcoin breaks above $80,000 as weaker dollar boosts crypto demand
Tuesday, 25 August 2026, 12:34
A weaker dollar and fresh political backing for digital assets have reignited investor enthusiasm, but the rally carries an important market signal.
On August 25, Bitcoin surpassed the $80,000 level for the first time in more than three months. During the Asian trading session, the largest <a href="https://xpertsstudio.com/cryptocurrency-exchange-trading-volume-doubled-in-five-days-will-the-recovery-continue-here-are-the-details-2/” title=”Cryptocurrency Exchange Trading Volume Doubled in Five Days! Will the Recovery Continue? Here Are the Details”>cryptocurrency was trading at $80,323.24, while its intraday high reached $81,237.94. Such levels were last recorded in mid-May.
Why Bitcoin rose above $80,000
Bitcoin’s price increase came amid a weakening U.S. dollar. Market participants reacted to steps taken by U.S. Treasury Secretary Scott Bessent aimed at stabilizing the government bond market.
Last week, the U.S. Treasury announced a plan to expand buybacks of long-term bonds. This mechanism is intended to curb the rise in their yields. Following these measures, the dollar came under additional pressure, boosting investor interest in crypto assets.
The impact of Donald Trump’s statements on the crypto market
Another catalyst for the market was U.S. President Donald Trump’s address to Congress. He urged lawmakers to support a bill that would establish clearer rules and definitions for the cryptocurrency industry.
Following the address, Bitcoin’s price rose by 16%. Since the beginning of August, the cryptocurrency has gained 28% in value. If the growth pace continues through the end of the month, August could become Bitcoin’s most successful month since November 2024.
- US markets closed mixed as technology stocks fell, Treasury yields declined, and investors assessed bond-buying plans, Canada tariff threats, and upcoming Fed signals.
- Bitcoin plunged about 4% on June 4, 2026, falling below a three-month low as regulatory concerns and shifting monetary signals reduced risk appetite and raised short-term volatility.
- Asian stock markets traded unevenly as investors awaited Nvidia’s quarterly results, assessed potential US sanctions on Iran, and monitored oil prices, currencies, and interest-rate signals.
Source: mezha.net