{"id":16295,"date":"2026-08-25T07:17:13","date_gmt":"2026-08-25T07:17:13","guid":{"rendered":"https:\/\/koshalsambada.in\/?p=16295"},"modified":"2026-08-25T07:17:13","modified_gmt":"2026-08-25T07:17:13","slug":"bitcoin-crosses-80000-for-first-time-since-mid-may-driven-by-weaker-dollar-gains-28-in-august","status":"publish","type":"post","link":"https:\/\/koshalsambada.in\/?p=16295","title":{"rendered":"Bitcoin crosses $80,000 for first time since mid-May driven by weaker dollar, gains 28% in August"},"content":{"rendered":"<p><br \/>\n<\/p>\n<div>\n<div class=\"e9jwa\">\n<div class=\"vdo_embedd\">\n<div class=\"GfdvZ\">\n<section class=\"_bIDB  clearfix id-r-component leadmedia undefined undefined  E9tg9 \" style=\"top:0px\">\n<div class=\"_bIDB\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">\n<div class=\"ypVvZ\">\n<div class=\"WGttI\"><img src=\"https:\/\/static.toiimg.com\/thumb\/msid-133495723,imgsize-253310,width-400,height-225,resizemode-4\/bitcoins-latest-high.jpg\" alt=\"Bitcoin crosses $80,000 for first time since mid-May driven by weaker dollar, gains 28% in August\" title=\"Bitcoin hit $81,237.94, its highest level since mid-May, during Asian trading on Tuesday.\" decoding=\"async\" fetchpriority=\"high\"\/><\/div>\n<\/div>\n<\/div>\n<div class=\"Ta7d_ img_cptn\"><span title=\"Bitcoin hit $81,237.94, its highest level since mid-May, during Asian trading on Tuesday.\">Bitcoin hit $81,237.94, its highest level since mid-May, during Asian trading on Tuesday.<\/span><\/div>\n<\/section>\n<\/div><\/div>\n<\/div>\n<p>Bitcoin crossed $80,000 for the first time since mid-May on Tuesday, extending its recent rally as a weaker US dollar and expectations of a more supportive policy environment boosted demand for cryptocurrencies.<span class=\"id-r-component br\" data-pos=\"2\"\/>The world\u2019s largest cryptocurrency climbed as high as $81,237.94 in Asian trading, its strongest level since mid-May. It was last trading at $80,323.24.<span class=\"id-r-component br\" data-pos=\"4\"\/>Bitcoin has gained about 16 per cent since US President Donald Trump last week urged Congress to pass legislation establishing clearer rules for the cryptocurrency industry. The rally has pushed its August gains to around 28%, putting it on course for its biggest monthly increase since November 2024.<span class=\"id-r-component br\" data-pos=\"8\"\/>The latest advance came as investors reacted to moves by US Treasury Secretary Scott Bessent aimed at easing pressure in the bond market. The Treasury last week announced plans to buy back more long-dated US government bonds, a move intended to limit further increases in long-term yields.<span class=\"id-r-component br\" data-pos=\"10\"\/>The announcement weighed on the dollar and helped drive investors towards alternative assets, including bitcoin and gold. Gold also climbed to a three-month high.<span class=\"id-r-component br\" data-pos=\"13\"\/>Tim Sun, senior researcher at HashKey Group, said Bessent\u2019s messaging had strengthened expectations that US policymakers may have less tolerance for a further rise in long-term yields, at least through the midterm elections. \u201cThat would create a relatively supportive macro backdrop for assets such as bitcoin and gold,\u201d Sun said, as quoted by Reuters.<span class=\"id-r-component br\" data-pos=\"16\"\/>Geoff Kendrick, global head of digital assets research at Standard Chartered, said the Treasury\u2019s move was \u201cexactly the type of thing bitcoin loves\u201d, arguing that the cryptocurrency was created partly as a way for investors to avoid such policy intervention.<span class=\"id-r-component br\" data-pos=\"19\"\/>The developments have also revived the so-called \u201cdebasement trade\u201d, in which concerns over efforts to contain bond yields shift pressure towards the currency and drive demand for physical and digital assets.<span class=\"id-r-component br\" data-pos=\"21\"\/>\u201cThis (Treasury announcement) prompted buyers to scramble into physical and digital assets as debasement trade fears re-emerged,\u201d said Tony Sycamore, market analyst at IG.<span class=\"id-r-component br\" data-pos=\"23\"\/>He added that a sustained break above current levels could pave the way for bitcoin to reach $95,000-$100,000.<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/timesofindia.indiatimes.com\/business\/international-business\/bitcoin-crosses-80000-for-first-time-since-mid-may-driven-by-weaker-dollar-gains-28-in-august\/articleshow\/133495210.cms\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin hit $81,237.94, its highest level since mid-May, during Asian trading on Tuesday. Bitcoin crossed $80,000 for the first time since mid-May on Tuesday, extending its recent rally as a weaker US dollar and expectations of a more supportive policy environment boosted demand for cryptocurrencies.The world\u2019s largest cryptocurrency climbed as high as $81,237.94 in Asian [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16296,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":["post-16295","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-31"],"magazineBlocksPostFeaturedMedia":{"thumbnail":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/bitcoins-latest-high.jpg","medium":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/bitcoins-latest-high.jpg","medium_large":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/bitcoins-latest-high.jpg","large":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/bitcoins-latest-high.jpg","1536x1536":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/bitcoins-latest-high.jpg","2048x2048":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/bitcoins-latest-high.jpg","blogsy-small":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/bitcoins-latest-high.jpg","blogsy-small-tall":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/bitcoins-latest-high.jpg","blogsy-small-square":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/bitcoins-latest-high.jpg","blogsy-small-masonry":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/bitcoins-latest-high.jpg","blogsy-medium":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/bitcoins-latest-high.jpg","blogsy-medium-masonry":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/bitcoins-latest-high.jpg","blogsy-large":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/bitcoins-latest-high.jpg","blogsy-wide":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/bitcoins-latest-high.jpg"},"magazineBlocksPostAuthor":{"name":"admin","avatar":"https:\/\/secure.gravatar.com\/avatar\/8709732a479614e7a8aa24d3eb1b239f30dc6d90c61464ed495001e7a469d856?s=96&d=mm&r=g"},"magazineBlocksPostCommentsNumber":"0","magazineBlocksPostExcerpt":"Bitcoin hit $81,237.94, its highest level since mid-May, during Asian trading on Tuesday. Bitcoin crossed $80,000 for the first time since mid-May on Tuesday, extending its recent rally as a weaker US dollar and expectations of a more supportive policy environment boosted demand for cryptocurrencies.The world\u2019s largest cryptocurrency climbed as high as $81,237.94 in Asian [&hellip;]","magazineBlocksPostCategories":["\u0b26\u0b47\u0b36 \u0b2c\u0b3f\u0b26\u0b47\u0b36"],"magazineBlocksPostViewCount":1,"magazineBlocksPostReadTime":2,"magazine_blocks_featured_image_url":{"full":["https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/bitcoins-latest-high.jpg",400,225,false],"medium":["https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/bitcoins-latest-high.jpg",300,169,false],"thumbnail":["https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/bitcoins-latest-high.jpg",150,84,false]},"magazine_blocks_author":{"display_name":"admin","author_link":"https:\/\/koshalsambada.in\/author\/admin"},"magazine_blocks_comment":0,"magazine_blocks_author_image":"https:\/\/secure.gravatar.com\/avatar\/8709732a479614e7a8aa24d3eb1b239f30dc6d90c61464ed495001e7a469d856?s=96&d=mm&r=g","magazine_blocks_category":"<a href=\"#\" class=\"category-link category-link-31\">\u0b26\u0b47\u0b36 \u0b2c\u0b3f\u0b26\u0b47\u0b36<\/a>","_links":{"self":[{"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/posts\/16295","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16295"}],"version-history":[{"count":0,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/posts\/16295\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/media\/16296"}],"wp:attachment":[{"href":"https:\/\/koshalsambada.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}