Bitcoin climbs above $80,000 after $4bn short squeeze
Bitcoin climbed above the $80,000 threshold on Tuesday, extending a strong rebound driven by renewed institutional inflows, improving risk sentiment, and continued momentum in the broader cryptocurrency market.
August 25, 2026 (MLN): Bitcoin climbed above the $80,000 threshold on Tuesday, extending a strong rebound driven by renewed institutional inflows, improving risk sentiment, and continued momentum in the broader cryptocurrency market. The world's largest cryptocurrency was last trading 2.5% higher at $80,785. The latest advance follows a dramatic rally that began last week, during which bitcoin surged more than 20% i...