Bitcoin price gains 24% in best August since 2017

Bitcoin traded near $78,400 on Aug. 31 and headed toward its strongest August performance since 2017 after gaining roughly 24% during the month. Summary Bitcoin traded near $78,400 after gaining roughly 24% during August, its strongest August since 2017. U.S. spot Bitcoin ETFs attracted $1.92 billion during their strongest weekly inflow since October 2025. Crypto derivatives recorded $6.55 billion in short liquidations across two weeks, according to CoinGlass data. Treasury will double bond buybacks to $4 billion per operation beginning on September 9. Bitcoin must reclaim $80,000 to strengthen momentum, while September jobs data could reset rate expectations. BTC recovered from approximately $63,000 in mid-August and briefly crossed $80,000 before losing momentum near that level. The rally reversed much of the pressure recorded during the first half of 2026. The final monthly return remains subject to Bitcoin’s closing price. Still, current historical data places August 2026 well ahead of every August since the 2017 bull market. Bitcoin’s third-quarter return stood near 32% at the time of writing. That compares with losses of approximately 22% during the first quarter and 14% duri...