Bitcoin Tops $80,000 in August With 28% Monthly Gain

Bitcoin surged past $80,000 on Tuesday, reaching its highest level in more than three months as a weakening U.S. dollar and renewed concerns over currency debasement fueled a broad rally in digital assets. The cryptocurrency touched an intraday high of $81,237.94 before settling near $80,323, marking its first time above the $80,000 threshold since mid-May. The move caps a stunning 28 percent gain for August, putting Bitcoin on track for its strongest monthly performance since November 2024. The rally is being driven by a confluence of macroeconomic and sector-specific factors. A key catalyst was the U.S.