Bitcoin Price Roars Towards $80,000 Following Positive Regulatory News, US Buyback Pledge

Bitcoin Magazine Bitcoin Price Roars Towards $80,000 Following Positive Regulatory News, US Buyback Pledge Bitcoin roared past $79,000 Friday, sustaining the biggest run in years following positive regulatory news and an announcement from the U.S.

Treasury.  The leading cryptocurrency hit as high as $79,319 before dipping slightly. It was recently priced at $77,584, a more than 7% rise over the past day.

Over a seven-day period, the coin has shot up by close to 23%.  Bitcoin had spent most of July and June trading below $65,000.

Some analysts had said that the bottom was likely in.  JUST IN: Standard Chartered bank says Bitcoin could surge back to $100,000 this year, ending the "shallowest" bear market so far pic.twitter.com/IpyESe931E— Bitcoin Magazine (@BitcoinMagazine) August 21, 2026 And it may just be in: Writing in a note Friday, Standard Chartered’s Global Head of Digital Assets Research, Geoffrey Kendrick, said that a $100,000 price forecast by year-end was too low.  “Once investors remember how quickly prices can accelerate to the topside, and we get past the 6 October date (12 months after the all-time high) an overshoot towards the all-time high (USD126k) before year-end may be possible,” he said.  He added that bitcoin’s bear market so far has been the shallowest on record.