{
  "id": 3199197,
  "title": "Bitcoin rises above US$80,000 as soft dollar, debasement fears boost momentum",
  "url": "https://urgent.news/2026/08/25/bitcoin-rises-above-us-80-000-as-soft-dollar-debasement-fears-boost",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-25T06:02:49.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/08/1518463/bitcoin-rises-above-us80000-soft-dollar-debasement-fears-boost"
  },
  "original_language": "en",
  "account": "Bitcoin surged past the US$80,000 mark, reaching a three-month peak, on Tuesday due to a weaker US dollar and Treasury Secretary Scott Bessent's efforts to stabilize the bond market. President Donald Trump previously urged Congress to pass legislation for clearer definitions of the cryptocurrency sector, which has led to a 16% increase in Bitcoin's value. The cryptocurrency hit US$80,323.24 in Asian hours after peaking at US$81,237.94, the highest since mid-May. Bitcoin's value has climbed 28% in August, marking its largest monthly gain since November 2024.\n\nThe US Treasury's decision to repurchase long-dated bonds to curb long-end yields has bolstered cryptocurrency momentum, causing the US dollar to bear the brunt of investor concerns. Tim Sun, a senior researcher at HashKey Group, stated that Bessent's statements have reinforced the belief that policymakers may be less tolerant of further increases in long-end yields through the midterm elections, creating a more favorable environment for assets like Bitcoin and gold. Gold also benefited from the dollar's weakness, hitting a three-month high.\n\nThe Treasury's actions have reignited speculation about \"debasement\" in the market, as investors shift their focus from bonds to currencies to counteract potential inflation. This led to increased demand for physical and digital assets, with Tony Sycamore, a market analyst at IG, noting that a sustained break above the current level could propel Bitcoin's price to the US$95,000–US$100,000 range.",
  "summary": "SINGAPORE: Bitcoin rose above US$80,000 to hit a more than three-month high on Tuesday as a soft US dollar, in the wake of the moves by Treasury Secretary Scott Bessent to calm the bond market, revived momentum in the crypto sector.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 6,
    "also_reported_by": [
      {
        "outlet": "Straits Times Business",
        "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",
        "published": "2026-08-25T03:05:00.000Z"
      },
      {
        "outlet": "Dawn",
        "title": "Bitcoin rises above $80,000 as soft dollar, debasement fears boost momentum",
        "url": "https://urgent.news/2026/08/25/bitcoin-rises-above-80-000-as-soft-dollar-debasement-fears-boost",
        "published": "2026-08-25T05:45:49.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "Bitcoin rises above $80,000 as soft dollar, debasement fears boost momentum",
        "url": "https://urgent.news/2026/08/25/bitcoin-rises-above-80-000-as-soft-dollar-debasement-fears-boost-3200358",
        "published": "2026-08-25T05:57:37.000Z"
      },
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "Bitcoin rises above US$80,000 as soft US dollar, debasement fears boost momentum",
        "url": "https://urgent.news/2026/08/25/bitcoin-rises-above-us-80-000-as-soft-us-dollar-debasement-fears",
        "published": "2026-08-25T06:37:56.000Z"
      },
      {
        "outlet": "CoinDesk",
        "title": "Live updates: Bitcoin ETFs draw a seventh straight day of inflows as the rally holds above $80,000",
        "url": "https://urgent.news/2026/08/25/live-updates-bitcoin-etfs-draw-a-seventh-straight-day-of-inflows-as",
        "published": "2026-08-25T07:40:11.000Z"
      }
    ]
  },
  "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."
}