Your Daily Scope and News of What Matters
Bitcoin price crossed $80,000 on Aug. 25 for the first time since mid-May, touching ~$81,238. August is up ~28%. Drivers: soft dollar after Bessent buybacks, $1.92B weekly spot ETF inflows, and Clarity Act optimism.
Gold price reached a 3-month high Aug. 24 above $4,680 as Treasury buybacks revived the debasement trade. Spot gold is up about 14% in August. Physical Q2 demand hit a near-five-year low — the rally is monetary, not jewelry-led.
Treasury buyback size jumps to at least $4 billion per long-end operation Sept. 9–Nov. 4. Bessent says it could exceed $4B after yields erased Wednesday’s relief. Debt topped $40 trillion; 30-year near 5.25%.
Bitcoin price jumped above $77,000 on Aug. 21 — up ~8% in a day and ~22% on the week — as more than $4 billion in shorts were liquidated and Treasury long-bond buybacks lifted risk appetite.