{"id":49825,"date":"2026-08-21T15:24:23","date_gmt":"2026-08-21T15:24:23","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=49825"},"modified":"2026-08-21T15:24:23","modified_gmt":"2026-08-21T15:24:23","slug":"bitcoin-price-roars-towards-80000-following-positive-regulatory-news-us-buyback-pledge","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=49825","title":{"rendered":"Bitcoin Price Roars Towards $80,000 Following Positive Regulatory News, US Buyback Pledge"},"content":{"rendered":"

Bitcoin Magazine<\/a>
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\nBitcoin Price Roars Towards $80,000 Following Positive Regulatory News, US Buyback Pledge<\/a><\/p>\n

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Bitcoin roared past $79,000 Friday, sustaining the biggest run in years following positive regulatory news and an announcement from the U.S. Treasury.\u00a0<\/p>\n

The leading cryptocurrency hit as high as $79,319 before dipping slightly. It was recently priced at $77,584, a more than 7% rise<\/a> over the past day. Over a seven-day period, the coin has shot up by close to 23%.\u00a0<\/p>\n

Bitcoin had spent most of July and June trading below $65,000. Some analysts had said that the bottom was likely in.\u00a0<\/p>\n

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JUST IN: Standard Chartered bank says Bitcoin could surge back to $100,000 this year, ending the “shallowest” bear market so far \"\ud83d\ude80\" pic.twitter.com\/IpyESe931E<\/a><\/p>\n

\u2014 Bitcoin Magazine (@BitcoinMagazine) August 21, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

And it may just be in: Writing in a note Friday, Standard Chartered\u2019s Global Head of Digital Assets Research, Geoffrey Kendrick, said that a $100,000 price forecast by year-end was too low.\u00a0<\/p>\n

\u201cOnce investors remember how quickly prices can accelerate to the topside, and we get past the 6 October date (12 months after the all-time high) an overshoot towards the all-time high (USD126k) before year-end may be possible,\u201d he said.\u00a0<\/p>\n

He added that bitcoin\u2019s bear market so far has been the shallowest on record. Analysts have pointed out<\/a> that the coin\u2019s volatility has been dampened this year.\u00a0<\/p>\n

Bitcoin notched a record last year of $126,080 but plunged soon after following the biggest liquidation event in the history of crypto. Over $19 billion in leveraged bets were closed, sending shockwaves through the market.\u00a0<\/p>\n

Since then, a number of factors have hurt bitcoin\u2019s price, including the Federal Reserve being reluctant to lower interest rates and geopolitical headwinds such as war in the Middle East.\u00a0<\/p>\n

But recent positive regulatory news has helped the coin. While a vote on the long-awaited crypto Clarity Act has been delayed until September, President Donald Trump on Wednesday said<\/a> that the bill was a \u201cvery, very powerful\u201d piece of legislation, and urged lawmakers to get it over the line.\u00a0<\/p>\n

The proposed law will establish a framework for distinguishing between digital assets that are securities, commodities or payment stablecoins \u2014 legislation that the crypto industry has long called for.\u00a0<\/p>\n

And earlier this week, U.S. Treasury Secretary Scott Bessent announced<\/a> the department would at least double the size of its long-dated bond buybacks. The news sent yields down lower; lower long-term yields reduces the opportunity cost of holding non-yielding assets like bitcoin and gold, and generally supports risk-on sentiment.\u00a0<\/p>\n

This post Bitcoin Price Roars Towards $80,000 Following Positive Regulatory News, US Buyback Pledge<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Mathew Di Salvo<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Bitcoin Price Roars Towards $80,000 Following Positive Regulatory News, US Buyback Pledge Bitcoin roared past $79,000 Friday, sustaining the biggest run in years following positive regulatory news and an announcement from the U.S. Treasury.\u00a0 The leading cryptocurrency hit as high as $79,319 before dipping slightly. It was recently priced at $77,584, a more […]<\/p>\n","protected":false},"author":1,"featured_media":49826,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-49825","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin"],"yoast_head":"\nBitcoin Price Roars Towards $80,000 Following Positive Regulatory News, US Buyback Pledge - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=49825\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Price Roars Towards $80,000 Following Positive Regulatory News, US Buyback Pledge - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"Bitcoin Magazine Bitcoin Price Roars Towards $80,000 Following Positive Regulatory News, US Buyback Pledge Bitcoin roared past $79,000 Friday, sustaining the biggest run in years following positive regulatory news and an announcement from the U.S. Treasury.\u00a0 The leading cryptocurrency hit as high as $79,319 before dipping slightly. 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