Bitcoin News Today: Key Drivers Behind the Bitcoin $80K Reclaim Bitcoin news today centers on one number: $80,000. BTC crossed that mark on August 25 for the first time since May 15, touching
Bitcoin news today centers on one number: $80,000. BTC crossed that mark on August 25 for the first time since May 15, touching roughly $80,888 with a 2.4% intraday gain. The move caps a 29% surge over the past seven days, and it lines up with a US Treasury bond buybacks announcement.
After the early spike, BTC price cooled off a bit and settled lower than the day's peak, but this Bitcoin news today update covers how it happened, and what could drive the rally in future.
BTC price today sits at $79,061.77, up 1.14% in the last 24 hours, after the earlier climb to $80,888. It tracks a similar rise in the crypto market today.
Source: CoinMarketCap Official
Current price: $79,061.77, up 1.14% (24h)
24-hour high: around $80,888
Market cap: $1.58 trillion, up 1.16%
24-hour volume: $60.96 billion, up 72.15%
Fully diluted value: $1.65 trillion
All-time high: $126,000, set in October 2025
Even after this jump, the token sits well below that record. Its 30-day correlation with gold stands near 68.5%, a sign both are being bought as inflation hedges right now.
The rally traces back to the US Market Treasury. On August 19, 2026, Treasury Secretary Scott Bessent announced an expansion of the bond buyback program for longer-dated securities.
The maximum size of operations in the 10-to-20-year and 20-to-30-year ranges rose from $2 billion to at least $4 billion per operation, running September 9 through November 4.
The announcement followed the 30-year Treasury yield climbing to around 5.34%, its highest since 2007, amid a national debt above $40 trillion and thin summer liquidity.
Long-term yields dropped 10 to 15 basis points immediately, and the dollar weakened, per Bloomberg reporting.
Falling yields make non-yielding assets like $BTC and gold relatively more attractive. Markets also read the move as officials favoring lower long-end yields over letting the market clear, reviving the debasement trade, a shift into scarce assets as a hedge against currency dilution.
Arthur Hayes, BitMEX co-founder and Maelstrom CIO, argued the buyback expansion effectively adds dollar liquidity that should benefit $BTC first, a view fitting the broader BTC bull market narrative building since the announcement.
Two forces amplified the rally on top of the U.S. Treasury news.
Spot BTC ETF inflows hit a seventh straight day, totaling $337.56 million on August 24 as per SoSoValue
Over $4 billion in short positions were liquidated last week, with $345 million in $BTC shorts wiped out in a single 24-hour stretch
That mix, fresh crypto ETF demand meeting a rapid short squeeze, pushed $BTC from the low $60,000s toward and above $80,000 in days. Sentiment followed: the market's Greed Index climbed to 74 out of 100, its highest reading in nearly 11 months.
The direct yield-suppression effect has already partly reversed, since fiscal and inflation concerns have not gone away. The bigger lasting impact came from the signal itself, a weaker dollar, and the rush into risk assets rather than a permanent drop in long-term yields.
Two events matter most now. PCE inflation and GDP data land Wednesday, offering the rally's first real test. Fed Chair Kevin Warsh then delivers his first Jackson Hole keynote Friday.
A dovish tone could extend the current Bitcoin recovery 2026 narrative; a hawkish surprise could send sentiment back toward caution.
- Support to watch: $76,250
- Resistance to watch: $81,400
- Downside risk if support breaks: a slide toward $72,000
Bitcoin news today reflects a market riding on liquidity signals as much as fundamentals. Whether this rally holds through Jackson Hole depends less on crypto-specific catalysts and more on what one Fed chair says about rates next.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Crypto markets carry significant risk. Always do your own research before making any investment decisions.
