Bitcoin Breaks $80,000 as August Gain Reaches 28%

Bitcoin has climbed back above $80,000, extending one of its strongest monthly advances in nearly two years as a weaker U.S. dollar and renewed concerns about currency debasement push investors toward alternative assets.

BTC reached an intraday high of $81,237.94 on August 25, its highest level since mid-May, before trading around $80,323 during Asian hours.

The latest move leaves Bitcoin up approximately 28% since the beginning of August.

If that gain holds through the end of the month, August would become Bitcoin's strongest monthly performance since November 2024.

The numbers provide a clear snapshot of how quickly sentiment has changed.

Bitcoin was struggling to build sustained upside momentum earlier in the summer. It has now reclaimed $80,000 and returned to price levels not seen for more than three months.

Bitcoin Price Reaches Three-Month High

The move above $80,000 represents more than another round-number breakout.

Bitcoin briefly reached $81,237.94, marking its highest price since the middle of May.

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