Bessent

$80,000. Bitcoin just took it back — and it didn’t do it quietly. While the crowd waited for a pullback, institutions moved $6 billion into US spot Bitcoin ETFs in eight days, the Coinbase premium flipped positive for the first time in three months, and a Treasury Secretary running a bond-buyback program handed the market a liquidity gift. This isn’t a bounce. It’s the confirmation window — and it’s open right now. ...

Bitcoin crossed $80,000 on August 24 for the first time since late 2025, capping a week that will go down in the history books: a 23% weekly gain — the largest weekly dollar gain in the asset’s history — powered not by retail FOMO but by the machinery of US fiscal and monetary policy. Ethereum traded back above $2,500, roughly $1.2 billion in leveraged shorts were liquidated in 24 hours, and XRP just posted its best week in 21 months. ...