Bitcoin crossed $80,000 for the first time since May 15, 2026, reaching an intraday price of $80,527.93. The move extends a rebound of roughly 38% from the cryptocurrency's late-June low near $58,000. The advance accelerated on Monday, August 24, when Bitcoin gained approximately 3.2% to trade above $80,000 before easing to around $79,670 (COINOTAG, August 25, 2026).
U.S.-listed spot Bitcoin ETFs recorded $1.92 billion in net inflows over the week ending August 22, 2026, the largest weekly total since the week ending October 10, 2025, which drew $2.71 billion. The figure also marks the strongest inflow week for Bitcoin ETFs so far in 2026. Ether ETFs drew $697.2 million over the same week, also a 2026 high for that category, bringing combined Bitcoin and Ether ETF inflows to $2.6 billion for the week (The Block, August 22, 2026).
The rally has been linked to changes in U.S. Treasury policy. The Treasury Department increased its long-dated bond buyback operations starting August 19, 2026, which eased pressure on long-term interest rates and added liquidity to broader risk markets. On August 20, 2026, Treasury officials indicated the cap on individual buyback operations could exceed the previously announced $4 billion (Top1Markets, August 2026).
Trading activity around the $80,000 level has been active on both sides of the market. Bitcoin's climb past $80,000 on August 25 triggered more than $400 million in total crypto market liquidations within 24 hours, including $160 million in Bitcoin short positions. Technical analysts have identified resistance in the $88,000 to $90,000 range and support between $75,000 and $76,000 (TradingKey, August 25, 2026).
Despite the recent inflows, Bitcoin ETFs remain in net outflow territory for the year, with approximately $2.9 billion in cumulative net outflows for 2026. Cumulative net inflows since U.S. spot Bitcoin ETFs began trading in January 2024 have reached $53.7 billion (The Block, August 22, 2026). Analysts are watching upcoming economic data, including the Personal Consumption Expenditures (PCE) price index, for signals on whether the Federal Reserve will adjust monetary policy in response to inflation trends.
