{
  "id": 3202394,
  "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-3202394",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-25T05:45:49.000Z",
  "source": {
    "name": "Dawn Business",
    "slug": "dawn-business",
    "url": "https://www.dawn.com/news/2025184/bitcoin-rises-above-80000-as-soft-dollar-debasement-fears-boost-momentum"
  },
  "original_language": "en",
  "account": "Bitcoin surged past the $80,000 mark to reach a three-month high on Tuesday, driven by a weaker US dollar following Treasury Secretary Scott Bessent's efforts to calm the bond market. President Donald Trump had previously urged Congress to pass legislation that would provide clearer definitions for the expanding cryptocurrency industry. Since then, Bitcoin has experienced a 16% increase, reaching a high of $80,323.24 in Asian trading hours, surpassing its previous peak since mid-May. Over the course of August, Bitcoin has surged by 28%, marking its largest monthly gain since November 2024.\n\nCryptocurrencies experienced a significant boost after the US Treasury announced plans to repurchase longer-dated bonds to curb the rise in long-end yields. This move has resulted in the US dollar bearing the brunt of investor concerns. Tim Sun, a senior researcher at HashKey Group, noted that Bessent's statements have reinforced the market's belief that policymakers may display less tolerance for further increases in long-end yields through the midterm elections. This stance could create a more favorable environment for assets like Bitcoin and gold through the midterm period, according to Sun.\n\nGold also benefited from the weakening dollar, reaching a three-month high. Treasury's move was deemed highly appealing to Bitcoin, as the cryptocurrency is designed to enable investors to circumvent such interventions. Geoff Kendrick, the global head of digital assets research at Standard Chartered, stated that the Treasury's actions align perfectly with what Bitcoin is intended to offer. Consequently, this has sparked renewed interest in the so-called debasement trade, where efforts to prevent long-end yields from reaching market-clearing levels through buybacks redirect pressure from the bond market to the currency market.\n\nAccording to Tony Sycamore, a market analyst at IG, the Treasury announcement prompted investors to pour funds into both physical and digital assets as fears of currency debasement resurfaced. A sustained break above this level could potentially pave the way for Bitcoin's price to extend towards $95,000 and $100,000.",
  "summary": "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, the world’s…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 7,
    "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": "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."
}