Bitcoin breaks $80,000 for first time since May, fueled by strong ETF inflows and Treasury support.

Bitcoin surged past $80,000 for the first time since May 2026, rising about 38% from lows near $58,000 in late June and early July. This rally was supported by $1.9 billion in weekly inflows into U.S. spot Bitcoin ETFs—the highest since October 2025—and U.S. Treasury buyback programs that lowered yields, boosting risk assets. Over $220 million in short positions were liquidated as Bitcoin crossed $80K, and technical indicators suggest the bear market may have ended. Investors now watch upcoming U.S. inflation data for further market direction. Bitcoin tops $80,000 as U.S. Treasury expands bond buybacks, signaling potential new bull market. Bitcoin surged above $80,000 following the U.S. Treasury's announcement to double the cap on long-term bond buybacks, a move seen by BitMEX co-founder Arthur Hayes as the start of a new Bitcoin bull market. The Treasury's buyback program aims to stabilize a strained bond market. Bitcoin's price rally toward $80,000 is linked to volatility in the US Treasury bond market, according to Gordon Grant, head of derivatives at Bitwise. Ceffu withdrew $264 million in Bitcoin and Ethereum from Binance in 30 minutes amid the rally, indicating institutional activity. Bitcoin attempted twice to break the $80,000 mark but faced heavy selling pressure, causing a sharp intraday drop to around $78,400. Despite this, buyers showed unusual impatience, quickly stepping in to buy and pushing the price back above $79,000. Cryptocurrency prices show mixed movements with Bitcoin rising 1.38% to $78,926, while Ethereum and Binance Coin show minor changes. Several altcoins like XRP, Dogecoin, and Cardano have declined by over 3%, indicating mixed market sentiment.