Bitcoin climbed above $80,000 for the first time since May 15, extending its rebound from a June sell‑off as U.S. Treasury announced plans to double purchases of long‑dated government bonds and indicated it might use its General Account to fund the transactions, while spot bitcoin exchange‑traded funds attracted about $1.9 billion in inflows last week, the largest weekly total since October 2025.

Bitcoin rose from a low near $58,000 in late June to roughly $77,000 in early August before crossing the $80,000 mark on Monday, representing a roughly 38 percent increase from its June trough. The weekly inflow of $1.9 billion into U.S. spot bitcoin ETFs marked the strongest weekly accumulation since October 2025. The Treasury’s decision to accelerate bond buybacks and its suggestion of using the General Account have been cited as factors supporting market conditions. “Core PCE will be closely watched for signs of whether underlying price pressures are continuing to moderate,” said Thadeu Dos Santos, regional director of FX‑broker Infinox. “A firmer‑than‑expected reading could support Treasury yields and the dollar, while softer inflation could reduce expectations of further monetary tightening.” Analysts noted that falling Treasury yields and the prospect of reduced monetary tightening have contributed to the recent rally.

The price level remains a focal point for investors as the market monitors upcoming Federal Reserve inflation data and further Treasury actions.