Bitcoin Rips Toward $80K: ETF Flood and Dollar Weakness Put $85,885 in Play

As of now, Bitcoin is trading in the range of $77,000 - $77,400 having broken $79k during its recent surge of over 20% in the last week...

• Last updated: Monday, August 24, 2026

As of now, Bitcoin is trading in the range of $77,000 – $77,400 having broken $79k during its recent surge of over 20% in the last week. The surge has been due to returning institutional demand. US Bitcoin ETA’s garnered record inflows, reaching $606 million on August 20 alone and over $1.6 billion for Monday to Thursday of last week. Bitcoin is accumulating more and more people during the so-called “Debasement Trade” – investing in dollars, which become less valuable. Bitcoin is also benefiting from the recent violent sell off in the dollar caused by U.S. fiscal concerns and the uncertainty surrounding the Treasury market.

Bitcoin’s August breakout may have more to do with fundamentals than a pure momentum move. ETF capital is coming back, and BTC’s corporate treasury adoption and participation in the Debasement Trade are positive factors, at least in the short term. There are fundamental risk factors, as the market is now rife with liquidity and price action could mean BTC is positioning itself for a violent sell off to $80k.