Original Author: Xiaobing
In late August, Bitcoin staged its most aggressive rally since 2026: surging from approximately $65,000 on July 24 to a local high of $79,500 on August 21, a gain of roughly 23.5% in one week, pushing its market cap back above $1.56 trillion.
This rally was fueled by three layers:
- Macro and regulatory catalysts in tandem. The U.S. Treasury doubled its long-term Treasury buyback program from $2 billion to $4 billion (dubbed “QE Lite” by the market), compressing long-end yields; meanwhile, Trump convened executives from Coinbase, Robinhood, and Ripple at the White House to push the CLARITY Act toward a procedural Senate vote in September, and the SEC also proposed a crypto fundraising framework.
- ETF inflows…
