Bitcoin Tops $80,000 to Three-Month High as Gold Rallies on Soft Dollar

The rally has been tied to shifting expectations around U.S. monetary and fiscal policy. According to BitKE, the U.S. Treasury doubled planned purchases of longer-dated government bonds through early November 2026, funding the buybacks with additional short-term debt and indicating it could draw on its nearly $1 trillion General Account. Those steps have contributed to lower Treasury yields and supported risk assets. BitKE also reported that U.S.-listed spot Bitcoin ETFs drew about $1.9 billion in inflows last week, their strongest weekly figure since October 2025.

Gold moved in tandem, extending its August rally to a three-month high as the weaker dollar and falling yields boosted demand, according to Decrypt. Cointelegraph reported that Bitcoin later slipped from the $80,000 zone as gold came off its mid-May highs on falling U.S. bond yields.

Investors are now watching the U.S. inflation outlook, with the Federal Reserve's preferred PCE price index due this week. Ventureburn cited Tim Sun, senior researcher at HashKey Group, who said messaging from U.S. Treasury Secretary Scott Bessent reinforced the view that policymakers have a lower tolerance for rising long-end yields ahead of the midterm elections, creating a supportive backdrop for alternative assets such as Bitcoin and gold.

Bitcoin has climbed back above $80,000, up roughly 38% from its summer lows, lifted by ETF inflows and shifting U.S. Treasury policy.