Bitcoin Nears $80,000, Highest Since May, on Weaker Dollar and Trump Support

Bitcoin rose roughly 7% to around $78,000 on August 21, 2026, after briefly approaching $80,000 — its highest level since May — according to The Wall Street Journal. The rally was fueled by a weaker dollar and Trump policy support. Bitcoin had lost about a third of its value year-to-date by June, trading near $63,000 at its worst.