Bitcoin Smashes $80K Again! Is This The Start of a New Bull Run? đ
Bitcoin just hit $81,237 its highest since mid-May! đ„
The rally is fueled by a soft US dollar, Treasury bond buybacks, and renewed "debasement trade" chatter. BTC is up 28% in August alone, its biggest monthly gain since Nov 2024.
Analysts say the Treasuryâs move to buy back long-dated bonds is "exactly what bitcoin loves". With the Clarity Act also progressing, institutions are piling back in.
Key level to watch: $80,000-$82,000 resistance
#Bitcoin #BTC #CryptoNews #BullRun #DeFi
Bitcoin just hit $81,237 its highest since mid-May! đ„
The rally is fueled by a soft US dollar, Treasury bond buybacks, and renewed "debasement trade" chatter. BTC is up 28% in August alone, its biggest monthly gain since Nov 2024.
Analysts say the Treasuryâs move to buy back long-dated bonds is "exactly what bitcoin loves". With the Clarity Act also progressing, institutions are piling back in.
Key level to watch: $80,000-$82,000 resistance
#Bitcoin #BTC #CryptoNews #BullRun #DeFi
