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Crypto

Bitcoin Price Soars Above $80,000 as Bull Market Declared

Guavy AI Editorial Team
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BTC
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Bitcoin's price surged above $80,000 on August 25 as Arthur Hayes declared that a new bull market has started. This move is linked to Treasury bond buybacks and possible cash deployment from the Treasury General Account.

Hayes argues that both measures could add liquidity in dollars and favor scarce assets. However, he notes that this policy connection is a market thesis, not an official guarantee.

The rally has also been supported by fresh demand for exchange-traded funds (ETFs). U.S.-listed Bitcoin ETFs attracted $337.56 million on August 24, marking the sixth straight session of net inflows.

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