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Brief Overview: Bitcoin Approaches the $80,000 Milestone: Trend Reversal or Temporary Bounce?
In late August 2026, Bitcoin surged
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In late August 2026, Bitcoin surged by 27% and closed in on the $80,000 mark, peaking at $79,950. The monthly gain reached 22%, marking the strongest performance for this month in nine years. Weekly trading closed at $77,727. For the first time since November 2025, the price consolidated above its 50-week moving average, which indicates the market's long-term direction to investors.Key Market DriversUS Treasury Actions. The primary catalyst was policy action from the US Department of the Treasury under Scott
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© 2007-2026
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