Bitcoin Tops $80,000 for First Time Since May as Crypto Rally Gains Momentum

Bitcoin has climbed above $80,000 for the first time since May 15, marking a 38% rebound from the lows it hit in late June and early July, when prices briefly dropped below $58,000. The rally has strengthened over the past week, supported by shifting expectations around US Treasury policy.

ETF Demand Returns in Full Force

US-listed spot Bitcoin ETFs attracted around $1.9 billion in inflows last week, the strongest weekly total since October 2025, signaling renewed interest from traditional investors. The recovery gained further support as falling Treasury yields eased financial pressure following a prolonged tight-conditions period.

Treasury Moves Fuel Market Optimism

The push toward $80,000 accelerated after the Treasury signaled it may use its nearly $1 trillion General Account to help fund an expanded bond buyback program. Investors are now closely watching upcoming economic data, including the Federal Reserve’s preferred inflation measure, for clues on future monetary policy direction.