Bitcoin crosses $80,000 as weaker dollar boosts crypto
- Bitcoin crossed $80,000 on August 25, touching $81,237.94, its highest level since mid-May.
- The cryptocurrency has gained about 28% in August, putting it on track for its best month since November 2024.
- A weaker US dollar and the Treasury’s plan to increase long-term bond buybacks helped drive investors towards Bitcoin and gold.
- Analysts say continued momentum could take Bitcoin towards $95,000-$100,000, though the rally depends on policy and market conditions.
Source: thestatesman.com
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