# Bitcoin Trades Above $80,000 for the First Time Since May After the Treasury Doubled Its Bond Buybacks

More than $240 million of short positions were liquidated in an hour, and United States spot bitcoin funds recorded their strongest week since October, according to Bitcoin Magazine.

- Published: 2026-08-25T05:50:40.344Z
- Canonical: https://polylog.news/crypto/2026-08-25/bitcoin-trades-above-80-000-for-the-first-time-since-may-aft
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [CoinDesk](https://www.coindesk.com/markets/2026/08/25/bitcoin-tops-usd80-000-solana-jumps-8-but-rally-now-runs-into-overbought-warning), [CoinDesk](https://www.coindesk.com/markets/2026/08/24/bitcoin-hits-usd80-000-for-the-first-time-since-may-as-crypto-recovery-accelerates), [Bitcoin Magazine](https://bitcoinmagazine.com/markets/bitcoin-nears-80000-after-etf-action), [Polylog editors](https://polylog.news)

Bitcoin traded above $80,000, its first time at that level since May, and CoinDesk reports the asset is up more than 25% on the week with solana leading the large caps at about 8%. Cointelegraph reported that more than $240 million of short…

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