Bitcoin today (Aug 26): BTC broke above $80,000 for the first time since mid-May, peaking near $81,200 on Tuesday before pulling back — now trading around $79,000.
What's driving it:
U.S. Treasury policy moves (debt buyback expansion) suppressing yields
Renewed spot ETF inflows
Dollar weakness
Optimism around clearer crypto regulation
Key levels to watch:
Resistance: $80,000 needs to flip into support; a sustained break above $81,000–$82,000 would strengthen the bullish case
Downside risk: Failure to hold above $80K could trigger another round of profit-taking
Futures open interest has risen ~16% over the past week alongside price — new capital is entering, not just short covering
BTC
79,899.99
+2.11%