Bitcoin Breaches $80,000 for First Time in Three Months Ahead of US PCE Data

Key Facts

1Bitcoin hit a new intraday high exceeding $80,000 for the first time in over three months of trading.

2The price surge occurred just before the release of the important U.S. PCE inflation report.

In a move reflecting renewed momentum in the digital asset market, Bitcoin successfully breached the $80,000 threshold for the first time in over three months. This surge is part of a strong weekly rally, with the cryptocurrency hitting a new intraday high ahead of crucial U.S. economic data. According to reports, this breakout represents a significant technical milestone in the currency's recent upward trajectory.

This price action is closely linked to market anticipation of the U.S. Personal Consumption Expenditures (PCE) inflation report, the Fed's preferred inflation gauge. Per analyst data, Core PCE is expected to rise 0.2% monthly and 3.3% annually. These movements coincide with robust inflows into Bitcoin ETFs, with BlackRock's IBIT fund recently attracting substantial investments.

Looking ahead, traders are monitoring support levels around $78,000 as a potential retest area in the event of a pullback. With authoritative price data unavailable for the close of August 25, 2026, focus shifts to the economic calendar where PCE inflation data is scheduled for release on Wednesday, August 26, which will be pivotal in shaping Fed policy expectations and subsequent crypto market sentiment.

Sources:

coingape.com