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The Economic Times

Business

Surbhi Khanna

REVEALED: Bitcoin tops 80 000 for the first time since mid may - The Real Truth

Bitcoin climbed above $80,000 on Tuesday to hit a more than three-month high, as a weaker US dollar and efforts by Treasury Secretary Scott Bessent to calm the bond market revived momentum in the cryptocurrency sector. Bitcoin has gained 16% since last week, when US President Donald Trump urged Congress to pass legislation providing clearer rules for the cryptocurrency industry.

Bitcoin rose as much as 2.9% to $81,257 on Tuesday in Asia, a level last seen on May 15. It is up 28% so far in August, putting it on track for its biggest monthly gain since November 2024.

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We Got This Covered

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One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Flu Is Growing or Likely Growing in 46 States as CDC Rolls Out Local Tool to Spot Surges

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