Bitcoin gained 25% in August 2026, making it the cryptocurrency’s third-best August on record, according to André Dragosch, Bitwise’s European Head of Research. Only August 2017, when bitcoin returned 65.6%, and August 2013, with a 30.7% gain, performed better. The result contrasts with bitcoin’s typical seasonal weakness between June and September. After muted volatility and trading below $65,000 through much of June and July, bitcoin rallied in mid-August after the U.S. Treasury Department said it would more than double government debt repurchases amid pressure in fixed-income markets and sharply higher yields. Lower long-term yields can reduce the opportunity cost of holding non-yielding assets such as bitcoin and gold, supporting demand for risk assets. Sentiment was also helped by President Donald Trump’s call for lawmakers to advance the crypto Clarity Act, despite a delayed vote. Bitcoin exchange-traded funds attracted more than $2.8 billion in August, the highest monthly inflow since October, when bitcoin reached a new all-time high. Bitcoin recorded its strongest monthly run in three years, rising nearly 20% over the past month, reaching $81,281 last week before retreating Friday. Its price recently stood at $76,883, down nearly 3% over 24 hours.