Bitcoin crossed $80,000 for the first time since May, extending recent gains.
Weak dollar, ETF inflows and institutional participation supported Bitcoin’s latest upward move.
Bitcoin needs 25% growth to reach $100,000, with $83,000 the key test.
Bitcoin crossed $80,000 for the first time since May, extending recent gains.
Weak dollar, ETF inflows and institutional participation supported Bitcoin’s latest upward move.
Bitcoin needs 25% growth to reach $100,000, with $83,000 the key test.
Bitcoin crossed the $80,000 mark on August 25, 2026 for the first time since mid-May, extending its recent gains before slipping slightly below the level. The move has renewed attention on whether the cryptocurrency can sustain its recent momentum and hold above the key $80,000 level.
Bitcoin was trading around $79,854 at the time of writing, after touching an intra-day high of $81,235, according to data from CoinMarketCap. The cryptocurrency was up 3.11 per cent over the past 24 hours and 23.61 per cent over the past week.
Among other major cryptocurrencies, Ethereum was trading at $2,484.64, up 0.66 per cent in the last 24 hours and 31.08 per cent over the past seven days. BNB was at $699.78, up 0.01 per cent in the last 24 hours and 16.49 per cent over the week. XRP was trading at $1.48, up 0.25 per cent in the last 24 hours and 49.12 per cent over the past week. Solana stood at $99.75, up 5.40 per cent in the last 24 hours and 31.64 per cent over the week, while Cardano was trading at $0.2197, up 0.58 per cent in the last 24 hours and 26.90 per cent over the week.
The recent gains have come amid improved investor sentiment towards cryptocurrencies. A weaker dollar has been one of the factors supporting Bitcoin’s latest move. Crypto experts also shared their views on the key factors behind the recent rise in cryptocurrency prices.
Minal Thukral, executive vice president, growth and crypto business head at CoinDCX, said: “Bitcoin’s move above $80,000 is being driven by a confluence of macroeconomic, institutional and crypto-specific factors. The weakening dollar and growing concerns around currency debasement have strengthened Bitcoin’s appeal as a scarce, alternative store of value.”
He added that renewed institutional participation, with US spot Bitcoin exchange-traded funds (ETFs) recording strong inflows in recent sessions, has also supported the move.
At $80,000, Bitcoin is 25 per cent away from the $100,000 mark. The cryptocurrency has already gained more than 23 per cent in the past week, while its next move will depend on market momentum and other factors.
Vikram Subburaj, CEO, Giottus.com, said, “A move to $100,000 is realistic, but it is not yet the most probable outcome over the next few weeks.”
He added that the first key test lies around $83,000, with a sustained break above this level potentially carrying Bitcoin towards $95,000-100,000. However, he said momentum is already stretched, while consolidation around $75,000-83,000 could build a firmer base.