Bitcoin Reaches $80,000 for First Time Since May

Bitcoin hit $80,000 on August 25, 2026 — its highest since mid-May — after climbing 23% in a week (Straits Times, Bloomberg). The U.S. dollar weakened to a three-month low, which often boosts Bitcoin's appeal. Big investors poured money in, traders who bet against Bitcoin were forced to buy back in, and progress on new crypto regulation all helped push the price higher (WSJ).