Bitcoin reclaimed $80,000 on August 25, reaching a 3-month high of $81,200, driven by Treasury Secretary Scott Bessent’s plan to inject $1 trillion in liquidity through bond buybacks and the Treasury General Account. The intervention faced criticism from investors Stanley Druckenmiller and Peter Schiff, who warned of inflation risks, while gold surged to $4,600. U.S. spot BTC ETFs attracted nearly $2 billion in weekly inflows, and a key technical indicator known as the Supply Profitability Crossing signal was triggered for the first time since 2023, historically preceding Bitcoin gains of 22% to 50% over the following 6 to 12 months. This week, BTC must navigate the PCE inflation report, Nvidia’s earnings, and Fed chair Kevin Warsh’s speech at Jackson Hole.
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