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Crypto

Bitcoin jumps 25 percent in August, breaking \'summer weakness\' pattern

Bitcoin rose 25 percent in August, its third-highest August return on record, breaking the usual pattern of weaker summer performance. A Bitwise Europe research executive said no summer lull was visible. The rally followed a shift in sentiment from mid-August after the U.S. Treasury signalled it would more than double bond buybacks. Support also came from President Donald Trump urging Congress to pass a crypto clarity bill and strong inflows into ETFs.

Crypto

U.S. Treasury doubles long-term bond buybacks, sending yields down and lifting bitcoin and ether

Bitcoin and ether jumped after the U.S. Treasury said it would double the maximum size of liquidity-support buybacks for 10 to 30-year bonds. The announcement pushed long-dated Treasury yields sharply lower, narrowing the gap between 2-year and 30-year yields and sparking buying across risk assets. CoinGlass data showed more than $1.2 billion of crypto positions were liquidated within an hour, largely in bitcoin and ether.

Crypto

Bitcoin miners speed shift to AI data centres, opportunity cost may rise

Bitcoin mining companies are redirecting power and facilities to AI infrastructure as mining profitability deteriorates. Some large miners have begun converting sites, signing long-term computing contracts and cutting new mining equipment spending. Bitcoin trades around $64,000, about 50% below its October 2025 peak, while fees lag and the April 2024 halving cut block rewards. AI data centres offer higher power rates and long-term deals, but critics warn the shift may be poorly timed and difficult to reverse due to high capital costs.