{
  "id": 3211602,
  "title": "Bitcoin crosses $80,000 for first time since mid-May, gains 28% in August",
  "url": "https://urgent.news/2026/08/25/bitcoin-crosses-80-000-for-first-time-since-mid-may-gains-28-in-august",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-25T05:57:30.000Z",
  "source": {
    "name": "Times of India",
    "slug": "times-of-india",
    "url": "https://timesofindia.indiatimes.com/business/international-business/bitcoin-crosses-80000-for-first-time-since-mid-may-driven-by-weaker-dollar-gains-28-in-august/articleshow/133495210.cms"
  },
  "original_language": "en",
  "account": "On Tuesday, Bitcoin surged past the $80,000 mark for the first time since mid-May, marking its strongest level since that period. The digital currency climbed as high as $81,237.94 during Asian trading sessions, before settling at $80,323.24. Bitcoin's gain of approximately 16% since President Trump's recent call for clearer rules has propelled its August surge to around 28%, indicating it could achieve its biggest monthly increase since last November. This notable advance came as market participants reacted to US Treasury Secretary Scott Bessent's measures aimed at alleviating pressure in the bond market. Bessent's announcement to buy back more long-dated US government bonds, intended to curb further rise in yields, weighed on the dollar and attracted investors towards alternative assets such as Bitcoin and gold. Gold also reached a three-month peak amidst this trend. Tim Sun, a senior researcher at HashKey Group, stated that Bessent's statements bolstered the belief that US policymakers may exhibit less tolerance for further hikes in long-term yields, at least until the midterm elections. \"This would create a relatively supportive macro backdrop for assets such as bitcoin and gold,\" Sun explained, according to Reuters. Standard Chartered's Geoff Kendrick deemed the Treasury's move \"a perfect fit for Bitcoin\", explaining that the cryptocurrency was initially designed to enable investors to sidestep such policy interventions. This development has also reignited the so-called \"debasement trade\", where worries over attempts to contain bond yields shift pressure towards the currency, subsequently driving demand for both physical and digital assets. Tony Sycamore, market analyst at IG, added that a sustained break above the current levels could potentially pave the way for Bitcoin to reach the $95,000-$100,000 range.",
  "summary": "Bitcoin crossed the threshold of eighty thousand dollars on Tuesday, marking a significant extension of its rally. The driving forces behind this surge include a weakening US dollar and optimistic policy forecasts that have spiked cryptocurrency interest. The movements came in response to Treasury Secretary Scott Bessent's actions in the bond market.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}