Bitcoin Today: August 28, 2026
Bitcoin is trading around $80,400**, up roughly 1.5% today and **over 28% in August**, potentially marking its best month in nearly three years . The rally continues after BTC briefly surged past **$81,000 in early trading, building on a rebound that began from a $64,000 low earlier this month .
Key Drivers Behind the Move
The rally is fueled by a mix of macro and crypto-specific factors. Strong earnings from Nvidia have boosted risk appetite across tech stocks and crypto . Meanwhile, U.S. Treasury bond buybacks have raised concerns about dollar devaluation, driving flows into alternative assets like Bitcoin .
Institutional interest is also visible: U.S. spot Bitcoin ETFs have recorded over $26 billion in inflows over the past eight trading days .
What to Watch
All eyes are on Fed Chair Kevin Warsh's speech at Jackson Hole today for clues on interest rate policy . Additionally, approximately $6.4 billion in Bitcoin options are set to expire, which could increase volatility .
Technical Levels: Key resistance sits at $81K–$83K, with support around $78K–$79K . The Fear & Greed Index is currently at "Extreme Greed" (82–83) .#GoldRisesAbout14%InAugust $NVDAB $AAPLB $NVDA.US
Bitcoin is trading around $80,400**, up roughly 1.5% today and **over 28% in August**, potentially marking its best month in nearly three years . The rally continues after BTC briefly surged past **$81,000 in early trading, building on a rebound that began from a $64,000 low earlier this month .
Key Drivers Behind the Move
The rally is fueled by a mix of macro and crypto-specific factors. Strong earnings from Nvidia have boosted risk appetite across tech stocks and crypto . Meanwhile, U.S. Treasury bond buybacks have raised concerns about dollar devaluation, driving flows into alternative assets like Bitcoin .
Institutional interest is also visible: U.S. spot Bitcoin ETFs have recorded over $26 billion in inflows over the past eight trading days .
What to Watch
All eyes are on Fed Chair Kevin Warsh's speech at Jackson Hole today for clues on interest rate policy . Additionally, approximately $6.4 billion in Bitcoin options are set to expire, which could increase volatility .
Technical Levels: Key resistance sits at $81K–$83K, with support around $78K–$79K . The Fear & Greed Index is currently at "Extreme Greed" (82–83) .#GoldRisesAbout14%InAugust $NVDAB $AAPLB $NVDA.US