Bitcoin Tops $80K for First Time, Up 25% Weekly

Bitcoin broke through the $80,000 mark for the first time in over three months, driven by optimism over cryptocurrency legislation and market reactions to U.S. Treasury buyback plans.

Start of a Bull Cycle?

Bitcoin is now up 25%. The $80,000 level was last traded in mid-May.

Optimism over the passage of the CLARITY Act and President Donald Trump's White House crypto summit helped push cryptocurrency prices higher.

Macro momentum provided additional support after the U.S. Treasury said it would double its long-term bond buybacks, which led to lower Treasury yields and boosted investor appetite for risk assets.

Price action: At the time of writing, BTC was trading at $80,675, up 4.21% over the past 24 hours, according to