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Bitcoin Breaks $80,000 Barrier as ETF Inflows Soar

Guavy AI Editorial Team
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BTC
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Bitcoin's price surpassed $80,000 on August 25, marking its highest point since mid-May. This milestone was reached after a record short squeeze and significant inflows of capital through U.S. spot Bitcoin ETFs.

The funds attracted approximately $2.26 billion over six trading sessions, with BlackRock's IBIT accounting for $208.93 million and Fidelity's FBTC seeing $104.57 million in net inflow on August 24.

Billionaire investor Stanley Druckenmiller expressed a contrasting view, calling the Treasury's bond buyback program a mistake and warning of risks to confidence in the U.S. government debt market.

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