bitcoin erased three months of losses in one week — and it's still 30% below its record high

BTC crossed $80,000 for the first time since May on a Treasury bond-buyback surprise and a Trump-Coinbase meeting — but the rally hasn't undone a… Aliteq Sam Okafor · Web3 & Chains Editor

Bitcoin crossed $80,000 on August 25, 2026, up 22.4% in one week and 23.2% over the past month, after touching an intraday high of $81,023.41.

Ethereum gained even harder — up nearly 30% for the week — while altcoins like XRP (+53%) and Solana (+34%) outran both.

The rally is credited to the US Treasury doubling its long-term bond buyback cap to $4 billion per session, plus a White House meeting between President Trump and Coinbase/Robinhood executives on…

Bitcoin is still down about 30% from its October 2025 record of $128,198.07 — this is a sharp recovery, not a new high.

I think the Treasury and White House framing is doing a lot of heavy lifting in headlines that a simpler explanation covers: bitcoin was oversold after a rough year, and any real catalyst — good or…

It's early, but one can't help but feel optimistic.

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