Bitcoin is around $79,500–$79,700 today, after briefly breaking above $81,000. �
Yahoo Finance +1
Bitcoin has gained roughly 26% during August, despite the dollar recovering recently. �
Reuters
The big catalyst was Treasury Secretary Scott Bessent's plan to increase purchases of longer-dated U.S. Treasuries. Markets interpreted this partly as a potential “dollar debasement” trade, which helped Bitcoin and gold rally. �
MarketWatch +1
Now the problem is inflation. U.S. inflation remains above the Fed's 2% target, increasing expectations that the Fed could raise rates. Higher rates and a stronger dollar generally hurt Bitcoin, because investors become more attracted to dollar-denominated, interest-bearing assets.#Bitcoin #BTC #BitcoinNews #Crypto #Cryptocurrency #CryptoMarket #BitcoinPrice #BTCUSD #CryptoNews #BitcoinTrading #CryptoTrading #Blockchain #DigitalAsset #Investing #Finance #Fed #Inflation #Dollar #Treasury #Bullish #CryptoInvestor #BitcoinAnalysis #MarketUpdate #Web3 #HODL
Yahoo Finance +1
Bitcoin has gained roughly 26% during August, despite the dollar recovering recently. �
Reuters
The big catalyst was Treasury Secretary Scott Bessent's plan to increase purchases of longer-dated U.S. Treasuries. Markets interpreted this partly as a potential “dollar debasement” trade, which helped Bitcoin and gold rally. �
MarketWatch +1
Now the problem is inflation. U.S. inflation remains above the Fed's 2% target, increasing expectations that the Fed could raise rates. Higher rates and a stronger dollar generally hurt Bitcoin, because investors become more attracted to dollar-denominated, interest-bearing assets.#Bitcoin #BTC #BitcoinNews #Crypto #Cryptocurrency #CryptoMarket #BitcoinPrice #BTCUSD #CryptoNews #BitcoinTrading #CryptoTrading #Blockchain #DigitalAsset #Investing #Finance #Fed #Inflation #Dollar #Treasury #Bullish #CryptoInvestor #BitcoinAnalysis #MarketUpdate #Web3 #HODL
