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CNBC
Bitcoin jumps 3%, closing in on $80,000 as rally gathers pace
Bitcoin's price is rallying toward $80,000, with notable inflows into spot bitcoin ETFs and improved risk appetite among investors. The cryptocurrency experienced a surge of over 20% in just three days, driven by a short squeeze that liquidated $4 billion in bearish positions. This rally stems partly from the U.S. Treasury's announcement to increase purchases of longer-dated bonds, thus reviving demand for risk assets. However, skepticism remains regarding the sustainability of this upward trend, given bitcoin's recent prolonged slump and past surges that faded quickly.
MonitorConfidence: MediumShort term horizon
Published 25 Aug 2026, 03:55 UTC2 min read
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Summary
TL;DR
- Bitcoin is nearing the $80,000 mark.
- The rally began with a 20% surge in three days.
- Over $4 billion in bearish positions were liquidated.
- Institutional interest returned with $1.92 billion in net inflows to ETFs.
- Questions regarding the rally's sustainability persist.
Interesting facts
- This surge may indicate a shift in investor sentiment, moving from short-term to long-term investment strategies.
- The largest corporate holder of Bitcoin hasn't purchased in two weeks, raising curiosity about future price movements.