{
  "id": 3200358,
  "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",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-25T05:57:37.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40436440/bitcoin-rises-above-80000-as-soft-dollar-debasement-fears-boost-momentum"
  },
  "original_language": "en",
  "account": "Bitcoin surged above $80,000, reaching a three-month high on Tuesday, thanks to a weaker US dollar and Treasury Secretary Scott Bessent's efforts to stabilize the bond market, according to news wires.\n\nLast week, US President Donald Trump urged Congress to pass a bill that would establish clearer definitions for the growing cryptocurrency sector. Since then, Bitcoin's value has increased by 16%, reaching $80,323.24 in Asian hours. It previously climbed to $81,237.94, its highest level since mid-May.\n\nA coding flaw in the Bitcoin protocol was identified, but Bitcoin has still risen by 28% so far in August, marking its biggest monthly gain since November 2024. Cryptocurrencies received a significant boost after the US Treasury announced plans to purchase more long-dated bonds to curb the rise in long-end yields, causing the US dollar to bear the brunt of investor concerns.\n\nTim Sun, a senior researcher at HashKey Group, stated that Bessent's messaging has reinforced the market's belief that US policymakers might exhibit lower tolerance for further long-end yield increases through the midterm elections. This would create a relatively favorable macro environment for assets like Bitcoin and gold.\n\nGold also benefitted from the weakening dollar, reaching a three-month high. The Treasury's announcement is \"exactly the kind of thing Bitcoin loves,\" according to Geoff Kendrick, global head of digital assets research at Standard Chartered. Kendrick added that Bitcoin was designed to provide investors with a way to evade such interventions. The move sparked renewed discussions about the 'debasement trade,' where attempts to prevent long-end yields from reaching market-clearing levels through buybacks shift the pressure from the bond market to the currency market.\n\n\"Buyers scrambled into physical and digital assets as debasement trade fears resurfaced following the Treasury's announcement,\" said Tony Sycamore, a market analyst at IG. \"A sustained break above this level could open the door for a move toward $95,000–$100,000.\"",
  "summary": "SINGAPORE: Bitcoin rose above $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. US President Donald Trump last week called on Congress to pass a bill that would bring clearer definitions to the growing cryptocurrency sector. Since then, bitcoin,…",
  "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": "New Straits Times",
        "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",
        "published": "2026-08-25T06:02:49.000Z"
      },
      {
        "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."
}