Bitcoin Crosses $80,000 For The First Time Since May Amid Crypto Bounce Back

Aug 25, 2026 12:57 PM - 2 hours ago 3

Topline

The value of Bitcoin roseate past $80,000 precocious connected Monday, starring a continued emergence successful the value of awesome cryptocurrencies that began past week amid liking successful the alleged “debasement trade” aft the Treasury involution successful the enslaved market.

Bitcoin prices transverse the $80,000 people for the first clip since mid-May.

CFOTO/Future Publishing via Getty Images

Key Facts

The value of Bitcoin—the world’s astir valuable cryptocurrency by marketplace cap—rose to $80,453 early connected Tuesday, up much than 25% successful the past week.

This is the first clip since mid-May that Bitcoin has crossed $80,000—but it is still good beneath the all-time highest of $126,000 reached past year.

Ether, the second-most valuable cryptocurrency by marketplace cap, roseate to $2,503 early Tuesday, up much than 30% from the erstwhile week.

The crypto rally helped boost different awesome tokens, pinch Solana’s SOL, Binance’s BNB, XRP and the memecoin DOGE rising 32%, 18.7%, 51.7% and 31.8%, respectively successful the past 7 days.

What Do We Know About The Debasement Trade?

Last week, Treasury Secretary Scott Bessent announced he would double the Treasury’s buyback of long-dated bonds successful a bid to curb rising yields. The move came aft the 30-year Treasury output roseate to its highest level since 2007—amid concerns astir the warfare successful Iran and the U.S. nationalist indebtedness hitting $40 billion. The move prompted a caller information of dollar selling, while boosting crypto and gold. In a blog station connected Friday, hedge money billionaire Ray Dalio warned of a looming indebtedness situation and said investors should beryllium “underweighting indebtedness assets for illustration bonds, and overweighting golden and a spot of Bitcoin.” The alleged debasement waste and acquisition is simply a strategy that involves moving superior distant from fiat rate and sovereign indebtedness toward scarcer assets specified arsenic golden and bitcoin. The move is considered a hedge against a imaginable weakening of the dollar.

Key Background

Last week, President Donald Trump hosted respective crypto executives astatine the White House, giving different boost to the crypto surge. At the event, Trump called connected Congress to walk the long-stalled CLARITY Act, which is backed by the crypto manufacture and will found ineligible guidelines connected integer assets. The president said: “We request Congress to return the adjacent measurement by passing the CLARITY Act, a adjacent type of the CLARITY Act…It’s a very, very powerful system authorities which will support america up of China, support america up of everyone else.”