Bitcoin crosses $80,000: The return of the “debasement trade” restarts the machine

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

Bitcoin signs its best weekly performance in several years

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

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

According to the data, the movement is not limited to bitcoin. Solana also shows a jump of around 8%, driven by discussions between validators about a slowdown in the issuance of new tokens. The weekly progression of XRP amounts to more than 52%. Which places this crypto asset at the top of large caps.

The level, however, remains well below the cryptocurrency’s all-time high, set in October 2025. The price of BTC stood at 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 rebound of BTC does not come from the crypto sector itself. Rather, they attribute this to US fiscal policy.

On August 19, Treasury Secretary Scott Bessent announcement in fact the doubling of its long bond buyback program. The latter amounts to 4 billion dollars per operation, compared to 2 billion previously. The stated objective: to contain the rise in yields on the long part of the curve while the 30-year yield had reached around 5.25%. This is its highest level since 2007. The 10-year yield also climbed to 4.75% at the end of July.

This intervention had an immediate effect on the dollar which has weakened. Enough to relaunch what analysts call the “debasing trade”. This strategy involves turning to scarce assets (like bitcoin and gold) in order to protect against a perceived devaluation of fiat currency.

Some analysts see this as a broader signal: the crypto market anticipates the fact that American decision-makers will have difficulty tolerating a further rise in long-term rates, at least until the mid-term elections. Which would create a more favorable macroeconomic environment to assets like bitcoin and gold. The latter also reached a three-month high in recent days.

Bitcoin ETF Flows Make Rebound More Credible

According to Farside InvestorsTHE US Spot Bitcoin ETF recorded their best collection week in ten months. The data shows approximately $1.92 billion in net inflows for the week ended August 21. Added to this is $337.6 million on August 24.

BlackRock’s IBIT fund alone captured $1.33 billion over five consecutive sessions. Which constitutes a structurally bullish signal according to Bloomberg analyst Eric Balchunas.

THE Ethereum ETF also follow the same trend, with around $700 million in entries over the week.

Analysts nevertheless underline an important point: this return of flows is not enough to confirm a complete turnaround. And for good reason? For the whole of 2026, Bitcoin ETFs still have a net negative balance of around $2.9 billion. The August recovery therefore does not yet fill the outings recorded in the spring.

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

Bitcoin spent much of 2026 stuck in a low range, while capital focused on stock market rally linked to artificial intelligence. The simultaneous return of ETF flows, the liquidation of short positions and the narrative of monetary devaluation thus create a more favorable context. That being said, caution is always required. The momentum indicator is now around 78, a level considered overbought. Which raises fears of a short-term break.

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

Bitcoin at $100,000? Scenarios to watch out for

Crypto analysts are counting on three possible scenarios:

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

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

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

In this scenario, Ethereum and Solana would also benefit from a significant ripple effect.

A return of risk aversion nevertheless remains possible in the event of a postponement of the vote on the CLARITY Act. Bitcoin would then remain in a consolidation range. Which would imply reduced volatility.

If Treasury 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 faster than expected. Bitcoin would then retest its lows of the year, around $58,000 to $60,000.

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