Bitcoin is back - What's driving the rally? | FXStreet

Bitcoin has rebounded sharply, briefly breaking above the key $80,000 level and reaching its highest price since mid-May as optimism returns to a crypto sector that had been under pressure for much of the past ten months. The article says Bitcoin surged from under $63,000 earlier in August to a peak above $81,000, posting its strongest weekly gain in more than three years, and gaining roughly 25% during August—its best month since November 2024. The rally is attributed to stronger ETF inflows, a more supportive bond-market backdrop that revives the “dollar-debasement” trade, and improving regulatory sentiment tied to signals from the SEC and the White House.