#BinanceSquareWritingContest Yep — Bitcoin had a strong August 🚀
$*What happened in August 2026:*
- *Bitcoin: ~+26% for the month*. Other reports put it around *+23% to +28%*. Price touched highs above $81,000 and was recently around $78k-$80k.
- *Gold: +13.8%* in August, and up over 14% this month. Hit ∼$4,620/oz.
- *Stocks: Nasdaq 100 +4.8%, S&P 500 +3.2%* 4db4c7cc5719079cd15e
So $NVDAB Bitcoin did outperform both gold and major US indexes in August.
*Why the surge?*
A few drivers kept coming up:
1. *"Debasement trade" / dollar weakness*: US Treasury announced bigger buybacks of long-dated bonds. That pushed the dollar down and made scarce assets like BTC and gold more attractive.
2. *BTC acting like "digital gold"*: 30-day correlation with gold climbed to +0.81, and 90-day correlation also flipped positive.
3. *ETF flows*: The iShares Bitcoin Trust ETF saw big inflows, ∼$1B last week and was up almost 23% last week. 2a12d15e57194db49b98
*Context though*: Even with the August rally, Bitcoin is still down for 2026 overall. And it's much more volatile than gold. d15e9b985719#Japan10YYieldHits3%FirstSince1996
The outperformance is real, but analysts note "confirmation is incomplete" — it depends a lot on yields and the dollar staying soft. c70 can
Are you tracking BTC for investing, or just watching the #BitcoinUp23% trend?$NVDA.US #XRPRises40%InTwoWeeksAsOpenInterestFalls #EtherETFsExtendInflowStreakTo11Days #Japan10YYieldHits3%FirstSince1996
$*What happened in August 2026:*
- *Bitcoin: ~+26% for the month*. Other reports put it around *+23% to +28%*. Price touched highs above $81,000 and was recently around $78k-$80k.
- *Gold: +13.8%* in August, and up over 14% this month. Hit ∼$4,620/oz.
- *Stocks: Nasdaq 100 +4.8%, S&P 500 +3.2%* 4db4c7cc5719079cd15e
So $NVDAB Bitcoin did outperform both gold and major US indexes in August.
*Why the surge?*
A few drivers kept coming up:
1. *"Debasement trade" / dollar weakness*: US Treasury announced bigger buybacks of long-dated bonds. That pushed the dollar down and made scarce assets like BTC and gold more attractive.
2. *BTC acting like "digital gold"*: 30-day correlation with gold climbed to +0.81, and 90-day correlation also flipped positive.
3. *ETF flows*: The iShares Bitcoin Trust ETF saw big inflows, ∼$1B last week and was up almost 23% last week. 2a12d15e57194db49b98
*Context though*: Even with the August rally, Bitcoin is still down for 2026 overall. And it's much more volatile than gold. d15e9b985719#Japan10YYieldHits3%FirstSince1996
The outperformance is real, but analysts note "confirmation is incomplete" — it depends a lot on yields and the dollar staying soft. c70 can
Are you tracking BTC for investing, or just watching the #BitcoinUp23% trend?$NVDA.US #XRPRises40%InTwoWeeksAsOpenInterestFalls #EtherETFsExtendInflowStreakTo11Days #Japan10YYieldHits3%FirstSince1996