Live News CRYPTO ARTICLE M impact Aug 25, 2026, 02:06 AM UTC

Bitcoin nears $80,000 as crypto rally extends

Bitcoin trades near $79,862.51, up 3.37% in 24 hours, while Ethereum, XRP and Solana also rise and Dogecoin slips 0.57%.

BTCUSD SOLUSD ETHUSD XRPUSD BMNR MSTR DOGEUSD

SquawkNews Desk 1 updates Updated Aug 25, 2026, 02:28 AM UTC

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02:28:50 AM UTC

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Bitcoin (CRYPTO: BTC) crossed the $80,000 threshold for the first time in more than three months, driven by optimism around cryptocurrency legislation and market reaction to Treasury buyback plans. Start of a Bull Cycle? Bitcoin is now up 25% in a week. The $80,000 level was last traded in mid-May. Optimism about the CLARITY Act’s passage and President Donald Trump’s White House cryptocurrency summit helped drive cryptocurrency prices higher. Macro momentum provided additional fuel after the Treasury said it would double its long-term bond buybacks, sending Treasury yields lower and boosting investor appetite for riskier assets. Price Action: At the time of writing, BTC was trading at $80,675, up 4.21% in the last 24 hours, according to data Pro. Read Also: Should You Go 'All In' on Bitcoin? Binance Founder Changpeng Zhao Has the Answer Photo: KateStock / Shutterstock

Leading cryptocurrencies and adjacent equities climbed on Monday as sustained demand continued to drive the ongoing rally. m. 09134 Crypto Market Ascends Bitcoin came close to breaking above $80,000 as strong buying continued to fuel its rally. Trading volume jumped 78% over the last 24 hours.

Ethereum rose to its highest level in almost seven months, trading between $2,425 and $2,530. 57% in the last 24 hours. Cryptocurrency-related stocks also lifted, with Strategy Inc. (NASDAQ: MSTR ) and Bitmine Immersion Technologies Inc.

74%, respectively. Over $420 million was liquidated from the cryptocurrency market in the last 24 hours, nearly evenly split between long and short positions, according to Coinglass data. 21% over the last 24 hours. m.

36% over the last 24 hours. Read Also: Bitcoin's Bounce Is a 'Gift To Sell,' Bloomberg's McGlone Cautions S &P 500 Closes in the Red Major indexes started the new trading week lower. 19. 16.

Nvidia Corp. (NASDAQ: NVDA ) second-quarter earnings report could be the key market catalyst this week. Investors will later turn their attention to Fed Chair Kevin Warsh’s Friday speech at Jackson Hole, watching for signals about the central bank’s long-term monetary policy plans. Another Bitcoin Bull Signal?

Ali Martinez, a widely followed cryptocurrency analyst and trader, noted Bitcoin reclaiming its 1,130-day simple moving average as support after 80 days. “Over the past four market cycles, Bitcoin began a new bull market shortly after reclaiming this moving average,” Martinez stated. ” BITCOIN: ANOTHER BULLISH SIGNAL $BTC has just reclaimed its 1,130-day simple moving average as support, a level that has consistently marked the end of previous bear markets.

com/Re8TYnDe5o — Ali Charts (@alicharts) August 24, 2026 Michaël van de Poppe, another popular cryptocurrency researcher, said Bitcoin’s liquidity sweep of recent lows around $76,400, or, in a worst-case scenario, $74,000, could pressure altcoins lower. Van de Poppe warned that even in a mild correction, altcoins can drop 10%-20% rapidly due to their higher volatility relative to Bitcoin. This has happened on #Bitcoin, that's great. Now it's time to think about two potential scenarios which could play out.

1 — We're sweeping all the recent lows and take long liquidity, in best case we'll find a low at $76,400 and move back up from there. com