Bitcoin surges 25 percent in August as ETF money floods back

Bitcoin crossed $80,000 on Wednesday for the first time in roughly three months, capping a 25 percent rally since Aug. 19 that has turned one of the worst stretches in crypto history into the coin’s best August in nine years.

The surge has been fueled by a flood of new money into U.S. spot Bitcoin exchange-traded funds, which pulled in $1.9 billion in net inflows last week. That is the strongest weekly tally since October 2025, when Bitcoin hit its all-time high of $126,198. For anyone who has watched crypto prices on a phone screen while waiting for the 58 bus, the whiplash is real: Bitcoin fell below $63,000 earlier this month before reversing course in dramatic fashion.

The question now is whether this is a genuine recovery or another bear-market head fake.

A technical line in the sand at $77,752

TradingView reported that Bitcoin closed last week at $77,727 on Bitstamp, just barely scraping above its 50-week exponential moving average, a key resistance trendline sitting at $77,752. That weekly close was the first above the 50-week EMA since early November 2025.

The line matters because traders watch it closely during bear markets. In prior downturns, Bitcoin retested the 50-week EMA before capitulating to new lows. Crypto trader and analyst Rekt Capital warned that the entire area around $80,000 figures as resistance for bulls to overcome, and that each bear-market relief rally so far has retraced sharply in the week following a strong breakout.