Bitcoin surpassed the $80,000 mark for the first time since May 15th, continuing a recovery that has gained momentum over the past week in cryptocurrency markets.
To date, the largest cryptocurrency has risen by approximately 38% compared to the lows of late June and early July, when it briefly fell below $58,000.
The latest phase of growth has also been accompanied by renewed demand from traditional investors. Last week, US-listed spot Bitcoin exchange-traded funds (ETFs) attracted approximately $1.9 billion, marking the largest weekly inflow since October 2025.
The broader cryptocurrency market recovery accelerated last week as a decline in Treasury yields provided some relief after months of tight financial conditions. The US Treasury doubled its planned long-term government bond buybacks through early November, funding these purchases through the issuance of short-term debt.
On Monday, the final push to the $80,000 level occurred after the Treasury Department suggested it might use its nearly $1 trillion in the Treasury General Account (essentially the US government's checking account) to fund bond buyback programs.
Attention is now focused on macroeconomic prospects, with several events scheduled for this week, including the release of the Federal Reserve's preferred inflation gauge—the Personal Consumption Expenditures (PCE) price index.
end-content"The core PCE reading will be closely watched to understand if price pressures continue to ease," said Tadeu Dos Santos, Regional Director at currency broker Infinox. "A higher-than-expected reading could support Treasury yields and the dollar, while lower inflation could dampen expectations for further monetary policy tightening."
