Bitcoin tops 80000 dollars on soft dollar
Bitcoin rose above 80000 dollars to hit a three-month high on Tuesday. A soft US dollar and bond market interventions by the US Treasury revived momentum across the cryptocurrency sector.
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Bitcoin rose past $80,000 during Tuesday morning trading, gaining 16% over the past week on a softer U.S. dollar and bond market intervention. The rally pushes the digital asset up 28% for August, tracking its largest monthly gain since late 2024. Investors are increasingly piling into crypto as policymakers attempt to cap long-end bond yields.
