Bitcoin rallies above $80,000 as investors reassess crypto cycle

Bitcoin’s surge above $80,000 is once again forcing investors to ask a familiar question: is cryptocurrency entering another major bull market, or are markets simply witnessing another powerful but temporary rally?

The answer may lie less in Bitcoin itself than in what is happening across global financial markets.

Bitcoin has risen sharply in recent days, gaining more than 20% over three days and recording its strongest three-day rally since 2023. U.S.-listed spot Bitcoin exchange-traded funds also attracted approximately $1.92 billion in net inflows last week, their strongest weekly result since October 2025. These figures suggest that the latest move is not being driven solely by retail speculation. Institutional money is returning to the asset in meaningful amounts.

Yet the most interesting part of the story may be the connection between Bitcoin and the U.S. Treasury market.

The U.S. Treasury recently announced that it would at least double the size of its buyback operations for long-term government bonds, increasing them from $2 billion to at least $4 billion per operation. The purchases will focus on securities with maturities of between 10 and 30 years. The decision came after a sharp sell-off in long-duration Treasuries pushed the 30-year yield to its highest level since 2007.