Bitcoin crosses $80,000 for first time since mid-May driven by weaker dollar, gains 28% in August

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Bitcoin crosses $80,000 for first time since mid-May driven by weaker dollar, gains 28% in August

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August 25, 2026

Bitcoin crossed the threshold of eighty thousand dollars on Tuesday, marking a significant extension of its rally. The driving forces behind this surge include a weakening US dollar and optimistic policy forecasts that have spiked cryptocurrency interest. The movements came in response to Treasury Secretary Scott Bessent’s actions in the bond market.

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