Bitcoin rises 25% in August, marking the third-best monthly performance on record.

ChainCatcher report: Bitcoin posted a monthly gain of approximately 25% in August, marking its third-best August performance on record. On September 1, André Dragosch, Head of European Research at Bitwise, posted on X that Bitcoin’s August return of 25% trailed only behind August 2017’s ~65.6% and August 2013’s ~30.7%, noting that “there was no ‘summer slump.’” Multiple analyses have historically shown that June through September typically sees weaker Bitcoin performance compared to the rest of the year. This year, Bitcoin’s volatility remained subdued throughout June and July, with prices dipping below $65,000 at one point. A turning point emerged in mid-August when the U.S. Treasury announced it would more than double the scale of its government debt buybacks due to pressure in the fixed-income market and yields reaching levels not seen in nearly 20 years. The subsequent decline in long-term yields reduced the opportunity cost of holding yield-free assets like Bitcoin and gold, supporting risk appetite and driving investor inflows into Bitcoin. Subsequently, U.S. President Trump urged lawmakers to swiftly pass the Crypto Clarity Act, calling the draft “very strong.” On the funding side, investors poured over $2.8 billion into Bitcoin ETFs in August—the largest monthly inflow since October last year. Bitcoin recently reached $81,281 last week before pulling back; it is currently trading at $76,883, down nearly 3% over the past 24 hours. Over the past month, Bitcoin has risen more than 20%.