Bitcoin Tops $80,000 for First Time Since May on 23% Weekly Gain

Bitcoin hit $80,000 on August 25, 2026, its first visit there since mid-May, capping a 23% weekly rally (Straits Times, Bloomberg). The ICE Dollar Index — a gauge of the dollar's strength — sat near a three-month low of 98.557. Institutional inflows, short covering (forced buying by traders who bet against the price), and progress on the Clarity Act, a digital-asset regulation bill, all converged to drive the move (WSJ).