{
  "id": 3188302,
  "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",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-25T04:46:28.000Z",
  "source": {
    "name": "SCMP Business",
    "slug": "scmp-business",
    "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 milestone for the first time in three months, marking a significant recovery in the cryptocurrency market. The digital asset traded above US$80,900 on Tuesday, marking a dramatic 25 percent increase over the past week. While Bitcoin is still 36 percent below its all-time high of US$126,000, set in October, the bullish move has sparked optimism among observers about an end to the ongoing crypto downturn, which has seen the original crypto token lose nearly half of its value.\n\nExperts attribute the sharp rebound to a broader rally in alternative assets driven by the U.S. government's efforts to curb soaring bond yields. The U.S. Treasury announced plans last week to increase the buying of long-term U.S. debts in hopes of lowering volatile bond yields and boosting the economy, thereby increasing investor interest in hard or alternative riskier assets to hedge against the U.S. dollar. Gold, too, reached a three-month peak of US$4,698 an ounce on Tuesday, extending a 5.1 percent gain over the previous week.\n\nThe cryptocurrency rally came amid supportive policy signals from the White House. U.S. President Donald Trump urged Congress to pass the Clarity Act, a major crypto bill that aimed to provide clearer definitions of the digital asset market structure. However, the act stalled following debates surrounding the allowance of stablecoin issuers to pay their users interest on their holdings. The cryptocurrency sector had been largely dormant for nearly a year before this week's Bitcoin rebound, with the total crypto market capitalization dropping to US$2.1 trillion by June, marking the lowest point since September 2024 and around 52 percent below its peak in October 2025, according to a CoinGecko report. June witnessed the most significant decline in the quarter, driven by factors such as hawkish Fed policies, fluctuating U.S.-Iran tensions, and a bitcoin sale by Strategy, the largest so-called bitcoin treasury company. Despite the rally, analysts caution that Bitcoin's latest surge may not yet be a confirmed trend, as much of the price increase was driven by liquidations of overcrowded short positions rather than sustained spot buying, with spot demand emerging as a crucial indicator for Bitcoin's momentum.",
  "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 Tech",
        "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",
        "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."
}