Bitcoin Jumps 25% in Best Month Since November 2024

Bitcoin rebounded as investors reassessed the US policy and liquidity outlook. US Treasury liquidity operations improved risk appetite, while expectations that the Securities and Exchange Commission will propose new rules for crypto assets encouraged renewed buying. Crowded bearish positions in derivatives markets amplified the advance as rising prices forced short sellers to cover.

Bitcoin gained about 25% in August to trade near $79,000, marking its strongest monthly performance since November 2024. The rally triggered roughly $1.37 billion in short liquidations, fueling a historic squeeze. Traders are now watching whether the $80,000 threshold can turn from resistance into durable support and whether institutional investors continue to add exposure.