By Isaac • August 31, 2026 3:20 pm •
Bitcoin entered the final hours of August up nearly 25% for the month, putting it on course for its strongest August since 2017.
The close is coming under pressure. Bitcoin traded around $78,000 during Monday’s U.S. session while long-term Treasury yields moved back toward levels last seen nearly two decades ago.
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That combination is testing whether the rally can hold after its fastest gains. Higher bond yields compete with risk assets for capital and tighten financial conditions.
Cointelegraph tracked sharp intraday Bitcoin moves inside a relatively narrow range as Treasury Secretary Scott Bessent discussed the government’s bond-buyback plans. Bitcoin remained near $78,000, with month-to-date gains close to 25% and the 50-week exponential moving average near $77,269
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