Bitcoin just posted its strongest August in nine years

An unusual wind has been blowing over the crypto-sphere for a few days, and no one missed it. Bitcoin’s latest performances feel like a true balm to the heart of a sector often battered at this time. Enough to push financial analysts to bring out their rarest superlatives. Yet behind the euphoria, the clouds are never far away.

Bitcoin finally kills the August curse

You have to go back a long way to find an August as mild for bitcoin. Starting from the low 60,000 dollars, it surpassed 81,000 dollars before closing the period around 78,600 dollars. A 24.95% increase that sharply contrasts with previous cycles, according to CoinGlass data.

After the 2013 peak, August 2014 dropped about 18%. In 2018, the decline was around 9%, then over 14% in 2022. Ash Crypto summarized the situation bluntly on X in a few words repeated throughout the crypto-sphere.

The context remains that of a market still far from its all-time high, reached in October 2025 above 126,000 dollars. In 2017, a fully bullish year, August surged over 65% in a completely different scenario. 

Crypto traders emphasize that a positive August during a post-peak phase had simply never been observed. The cryptocurrency thus ends a streak of four consecutive red Augusts, including two double-digit plunges in 2022 and 2023.

Crypto Twitter is losing its mind

Bitcoin did not celebrate this alone, far from it. Ethereum saw its crypto ETFs record 697 million dollars in inflows in a single week, pushing its gain beyond 30%. Solana did even better with a jump of over 40%, even briefly exceeding 100 dollars.

On the DeFi side, HYPE gained more than 60%, UNI over 30%, and AAVE around 40% for the month. Bitcoin’s dominance settled between 57 and 59%, confirming its role as the locomotive for the entire sector. 

But not everyone shares the same enthusiasm on social networks. Can, on X, hammered the point by suggesting a manipulation orchestrated rather than a real reversal: 

Because we are not in a bear market, that is what people do not understand. We are in the Trump manipulation era, we have never really experienced a bear market.

Source: X, @Can158605863561

An interpretation that contrasts with the prevailing optimism, but which resonates with some crypto traders.

Big money isn’t waiting for the bear market to end

While individuals debate, institutions act relentlessly. Crypto spot ETFs recorded net inflows of 216.7 million dollars on Monday, August 31. The previous week, inflows had already reached 924.5 million dollars, a record. These figures speak of confidence that remains intact despite a macroeconomic climate judged fragile. 

The clearest signal came from Michael Saylor and his company Strategy, breaking silence after several weeks. It announced the purchase of 4,603 bitcoins for about 370 million dollars, raising its total holdings to 845,050 BTC. A position that speaks for itself about its long-term convictions towards cryptocurrency. 

In an environment where rates could rise and oil blazes, this institutional demand acts as a true safety net. Under-allocated buyers continue to support zones around 75,000 and 82,000 dollars, despite higher bond yields.

Rektember is loading… what could go wrong?

The crypto universe even gave it a nickname that reveals its usual atmosphere: “Rektember.” Since 2013, September shows an average loss close to 3%, with only five positive editions in thirteen years of history. 

This year, Fed heads have sharply toughened their tone towards markets. Kevin Warsh gave a decidedly hawkish speech at the Jackson Hole symposium, sowing doubt among investors. Markets now anticipate a 25 basis point hike on September 16, with a probability close to 67%. 

At the same time, tensions between the United States and Iran pushed Brent above 90 dollars a barrel. These two factors mechanically revive inflation fears and weigh on all risky assets. 

Several analysts now mention a possible test of 75,000 dollars in case of a marked correction. Bitcoin actually started September slightly down, below 78,000 dollars.

Bitcoin in numbers as these lines are written

• Current price of bitcoin? About 77,423 dollars.
• August performance? A gain close to 25%.
• Probability of a Fed rate hike in September? 67%.
• Key support identified by traders? Around 75,000 dollars.
• Positive Septembers recorded since 2013? Only five instances.

Some recent analyses outline a geographic shift for the next peaks of the bull market. The peak of the future bull run could well play out far from American borders this time. Global dynamics would then take precedence over just Wall Street indicators. Having become a truly global asset, bitcoin may write its next chapter elsewhere.