{
  "id": 3175830,
  "title": "Bitcoin rides debasement trade to 3-month high above US$80,000",
  "url": "https://urgent.news/2026/08/25/bitcoin-rides-debasement-trade-to-3-month-high-above-us-80-000",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-25T03:05:00.000Z",
  "source": {
    "name": "Straits Times Business",
    "slug": "straits-times-business",
    "url": "https://www.straitstimes.com/business/bitcoin-rides-debasement-trade-to-3-month-high-above-us80000"
  },
  "original_language": "en",
  "account": "Bitcoin surged to a three-month high above US$80,000 following a confluence of bullish signals, forcing the liquidation of billions in leveraged bets. The cryptocurrency reached US$80,908 on August 25, a level not seen since May 15. This increase comes after a 23% rally over the past week, the largest weekly jump in about three years. Still, Bitcoin remains far below its peak of around US$126,000 in October. The token's resurgence is linked to renewed chatter about the \"debasement trade,\" sparked by US Treasury Secretary Scott Bessent's announcement of increased bond repurchases to lower long-term yields. This plan was viewed skeptically by some as evidence the Trump administration was not ready to reduce the budget deficit. Bitcoin was originally designed to escape fiat currency debasement and inflation caused by central bank money creation. Lacie Zhang, a research analyst at Bitget Wallet, noted that the macro backdrop had become more supportive after the Treasury's expanded long-dated buyback plan weakened the dollar and revived the \"debasement trade\" across Bitcoin and gold. Spot Bitcoin exchange-traded funds saw their strongest weekly inflow in 10 months, with US$1.92 billion in net inflows, the highest since early October 2025. The funds also recorded their biggest single-day inflow in over three months, adding US$606.3 million on August 20. The market received an additional boost from a meeting between US President Donald Trump and industry leaders, which reignited optimism about the administration's commitment to crypto. Legislative momentum had slowed recently after the Clarity Act, a market structure bill, failed to pass before the Senate's August recess. Trump had urged the chamber to pass the bill, and it is expected to be revisited in mid-September. The sudden price surge caught many traders off guard, with about US$7.2 billion in leveraged bearish bets across all cryptoassets being liquidated the previous week. Analysts have attributed the rising prices to the short squeeze, suggesting demand may not be sustained.",
  "summary": "Bitcoin is back in favour after the US said it will step up its bond repurchases in a bid to bring long-term yields lower.",
  "key_points": [
    "Bitcoin reaches $80,908, highest in 3 months",
    "23% rally over past week, largest in 3 years",
    "Debasement trade boosted by Treasury's bond repurchases"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}