{
  "id": 3188262,
  "title": "Bitcoin tops US$80,000 for first time since May as US moves boost crypto",
  "url": "https://urgent.news/2026/08/25/bitcoin-tops-us-80-000-for-first-time-since-may-as-us-moves-boost",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-25T04:46:28.000Z",
  "source": {
    "name": "SCMP Tech",
    "slug": "scmp-tech",
    "url": "https://www.scmp.com/tech/blockchain/article/3365147/bitcoin-tops-us80000-first-time-may-us-moves-boost-crypto"
  },
  "original_language": "en",
  "account": "Bitcoin has surged past the US$80,000 mark for the first time since May, following the US government's initiatives to stabilize US bond yields. The leading cryptocurrency surged approximately 25% over the past week, indicating a potential early recovery from an ongoing market downturn. Despite currently sitting nearly 36% below its record high of US$126,000 reached in October, this significant price increase has sparked optimism among market analysts. Allen Ding, director of Bitfire Research, anticipates this surge as the beginning of a new bull market in the cryptocurrency sector. The recent price rise was triggered by a series of supportive policy measures from the US government, including plans to increase the purchase of long-term U.S. debt securities to lower bond yields and stimulate economic growth, making hard assets like cryptocurrency more appealing to investors seeking to hedge against the US dollar. Concurrently, gold also reached a three-month high of US$4,698 per ounce, continuing its 5.1% weekly gain. This price surge for Bitcoin is marked by characteristics commonly associated with an early bull market, according to Ding. However, despite this robust recovery, Ding cautions that this price surge might not yet signify a definitive upward trend, as much of the price movement has been attributed to liquidations of overexposed short positions, rather than sustained buying in the spot market.",
  "summary": "Bitcoin has broken above US$80,000 for the first time in three months, riding a broader rally in alternative assets triggered by Washington’s efforts to tame US bond yields. The world’s largest cryptocurrency traded above US$80,900 on Tuesday, jumping roughly 25 per cent over the past week and signalling an early recovery from a prolonged market slump. While bitcoin remains nearly 36 per cent…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "CoinDesk",
        "title": "Bitcoin hits $80,000 for the first time since May as crypto recovery accelerates",
        "url": "https://urgent.news/2026/08/25/bitcoin-hits-80-000-for-the-first-time-since-may-as-crypto-recovery",
        "published": "2026-08-25T00:55:32.000Z"
      },
      {
        "outlet": "SCMP Business",
        "title": "Bitcoin tops US$80,000 for first time since May as US moves boost crypto",
        "url": "https://urgent.news/2026/08/25/bitcoin-tops-us-80-000-for-first-time-since-may-as-us-moves-boost-3188302",
        "published": "2026-08-25T04:46:28.000Z"
      }
    ]
  },
  "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."
}