Bitcoin at $80,000: «Debasement Trade» Revives Crypto

On the night of August 24 to 25, 2626, the price of bitcoin exceeds $80,000. A first since mid-May! One detail draws even more attention from investors and crypto traders: an increase of more than 25% in just one week. An achievement that analysts attribute to a rare macroeconomic cocktail. The start of a new bullish cycle or an isolated movement? Predictions are already running wild within the crypto community.

Bitcoin posts its best weekly performance in several years

All data confirms it: the bitcoin price exceeds $80,000 for the first time since mid-May. The queen of cryptocurrencies thus reaches a three-month peak.

That’s not all! Over the past week, the increase in BTC also exceeds 25%. Since the call made last week by Donald Trump to Congress to clarify the legal framework of the crypto sector, bitcoin has gained 16%. In August alone, the cryptocurrency shows a 28% increase. This is therefore its best month since November 2024.

According to data, the movement is not limited to bitcoin. Solana also shows a jump of around 8%, driven by discussions among validators about slowing down the issuance of new tokens. XRP’s weekly increase is over 52%, placing this crypto asset at the top among large caps.

However, the level remains well below the cryptocurrency’s all-time high established in October 2025. The BTC price was around $126,000 before falling below $60,000 during the summer.

Bitcoin returns to $80,000 in a favorable macroeconomic context

Analysts agree on one point: the spectacular BTC rebound does not come from the crypto sector itself. They rather attribute it to US fiscal policy.

On August 19, Treasury Secretary Scott Bessent announced the doubling of his long bond buyback program. It now sums to $4 billion per operation, compared to $2 billion before. The goal stated: to contain rising yields on the long end of the curve as the 30-year yield had reached about 5.25%. This is its highest level since 2007. The 10-year yield also rose to 4.75% at the end of July.

This intervention had an immediate effect on the dollar, which weakened. Enough to revive what analysts call the “debasement trade.” This strategy consists of turning to rare assets (such as bitcoin and gold) in order to hedge against a perceived devaluation of fiat currency.

Some analysts see a broader signal: the crypto market anticipates that US policymakers will hardly tolerate a new rise in long-term rates, at least until midterm elections. This would create a more favorable macroeconomic environment for assets like bitcoin and gold. The latter has also reached a three-month high in recent days.

Bitcoin ETF flows make the rebound more credible

According to Farside Investors, US spot Bitcoin ETFs set their best collection week in ten months. The data shows about $1.92 billion net inflows for the week ended August 21, plus an additional $337.6 million on August 24.

The BlackRock IBIT fund alone attracts $1.33 billion over five consecutive sessions. This is a structurally bullish signal according to Bloomberg analyst Eric Balchunas.

Ethereum ETFs also follow the same trend, with about $700 million inflows during the week.

However, analysts emphasize an important point: this return of flows is not enough to confirm a complete reversal. Why? Over the entire year 2026, Bitcoin ETFs still show a net negative balance of about $2.9 billion. The August recovery therefore does not yet offset the outflows recorded in spring.

The BTC rebound marks a regime change after several months of consolidation

Bitcoin spent most of 2026 confined within a low range, while capital concentrated on the stock rally linked to artificial intelligence. The simultaneous return of ETF flows, short position liquidations, and the monetary devaluation narrative thus recreate a more favorable context. That said, caution still remains. The momentum indicator now stands around 78, a level considered overbought. This raises fears of a short-term pause.

That’s not all! A technical “selling wall” also lies not far from current levels. It corresponds to the zone where many buyers had entered before the bitcoin price correction in May. A clear break above this resistance could therefore open the way towards the $95,000 to $97,900 area before considering a return to six figures.

Bitcoin at $100,000? Scenarios to watch

Crypto analysts consider three possible scenarios:

• a return to $100,000;
• consolidation between $75,000 and $85,000;
• a retest of $60,000.

Bitcoin could indeed reach $100,000 by the end of the year if:

• the dollar continues to weaken;
• the CLARITY Act is adopted by the Senate by mid-September.

In this scenario, Ethereum and Solana would also benefit from significant spillover effects.

A return of risk aversion remains possible if the CLARITY Act vote is postponed. Bitcoin would then remain in a consolidation range, implying reduced volatility.

If the Treasury’s intervention proves insufficient to stabilize the bond market, a liquidity crisis could force investors to sell their most volatile assets (including BTC). In this case, the disaster scenario mentioned by Ray Dalio could materialize sooner than expected. Bitcoin would then retest its lows of the year, around $58,000 to $60,000.

One thing is certain: August 2026 looks set to be the best month of the year for bitcoin. Is the flagship crypto now ready to surpass its all-time record? The answer will depend on the sustainability of these flows and on the upcoming regulatory clarity.

Ariela R.

My name is Ariela, and I am 31 years old. I have been working in the field of web writing for 7 years now. I only discovered trading and cryptocurrency a few years ago, but it is a universe that greatly interests me. The topics covered on the platform allow me to learn more. A singer in my spare time, I also cultivate a great passion for music and reading (and animals!)

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.