#BTCUSDT #Ethereum
Bitcoin surpassed $80,000 in August 2026 for the first time since mid-May. The reason is linked to purchases of U.S. Treasury bonds and strong inflows into exchange-traded funds.
The U.S. Treasury Department plans to conduct bond auctions worth $4 billion per session starting September 2026, while Bitcoin EFT funds recorded net inflows of $192 million during the previous week on 21 and 22 August.
The rise likely reflects a compensatory deal; U.S. Treasury purchases of risk assets are expected to support the price of Bitcoin in the near term.
Bitcoin surpassed $80,000 in August 2026 for the first time since mid-May. The reason is linked to purchases of U.S. Treasury bonds and strong inflows into exchange-traded funds.
The U.S. Treasury Department plans to conduct bond auctions worth $4 billion per session starting September 2026, while Bitcoin EFT funds recorded net inflows of $192 million during the previous week on 21 and 22 August.
The rise likely reflects a compensatory deal; U.S. Treasury purchases of risk assets are expected to support the price of Bitcoin in the near term.