Bitcoin is thought for its summer season slumps. However August was completely different.
In actual fact, the main cryptocurrency had its third greatest August ever.
As highlighted on Tuesday by Bitwise’s European Head of Analysis, André Dragosch, bitcoin delivered returns of 25% final month.
“No ‘summer season lull’ up to now,” Dragosch wrote on X, highlighting that the one higher Augusts the coin has had have been in 2017 when it gave buyers returns of almost 66%, and 2013, with near 31%.
OFFICIAL: August 2026 is within the books and it has been the third greatest August in bitcoin’s historical past.
August 2017: +65.6%
August 2013: +30.7%
August 2026: +25.0%No “summer season lull” up to now. pic.twitter.com/jwHt2VP5Sk
— André Dragosch, PhD
(@Andre_Dragosch) September 1, 2026
A number of analyses level to the months of June-September displaying weaker common returns than the remainder of the 12 months.
All through most of June and July, bitcoin’s volatility was notably muted, and the coin traded under $65,000.
However that modified in mid-August after the U.S. Treasury Division stated it could greater than double the dimensions of its authorities debt repurchases because of fastened earnings markets beneath stress and yields surging to ranges not seen in almost 20 years.
Decrease long-term yields scale back the chance price of holding non-yielding belongings like bitcoin and gold, and usually help risk-on sentiment.
Traders flooded into bitcoin in consequence.
Optimistic information quickly adopted, with President Donald Trump urging lawmakers to get the long-awaited crypto Readability Act over the road. The digital asset trade has lengthy known as for clear guidelines on how regulators ought to deal with bitcoin, stablecoins and different cryptocurrencies.
Regardless of a delay in a vote on the laws, Trump known as the draft “very highly effective.” The president made the feedback after having met with crypto trade bigwigs and CEOs.
Traders additionally rushed again into ETFs in August, throwing over $2.8 billion on the automobiles — essentially the most since October, when the coin hit a brand new all-time excessive.
Bitcoin in August had its greatest run in three years — and is up almost over 20% over the previous month.
The asset reached as excessive as $81,281 final week earlier than sliding once more on Friday.
Bitcoin’s worth not too long ago stood at $76,883, almost down 3% over a 24-hour interval.
This submit Bitcoin Defies Seasonal Stoop With Third-Greatest August Ever first appeared on Bitcoin Journal and is written by Mathew Di Salvo.
