Bitcoin Surpasses $80,000 for the First Time Since May

In the Asian trading session on August 25, Bitcoin broke through the $80,000 level for the first time since mid-May, reaching a local high of approximately $81,200. Reuters attributes this rally to a weakening dollar, driven by ongoing 'debasement trade' activities following the expansion of Treasury buybacks and institutional inflows. Despite a short-term correction back to around $79,350, maintaining levels above $80,000 amid continued ETF inflows could signal a shift in market regime. Key supporting factors include the decline in the dollar, increased Treasury buybacks, and inflows into American Bitcoin ETFs, which received $337.6 million on August 24. However, intra-day volatility remains high, and confirmation of a sustained breakout requires Bitcoin to hold above $80,000.