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Crude oil prices surged after overnight military strikes in Iran, while Donald Trump again proclaimed victory. CoinDesk also reported that Bitcoin was approaching a 25% August gain, its strongest monthly performance since November 2024.
Crude oil is surging after overnight military strikes in Iran, CoinDesk reported, while Bitcoin trades near $78,000. The update also says Strategy bought BTC for the first time since late June.
Bitcoin held just below $78,000 as August ended, while CoinDesk said dollar strength was capping crypto gains and pushing the yen past its intervention line. Ether was highlighted for forming a bullish golden cross.
Bitcoin barely reacted to the latest U.S.-Iran escalation as oil prices rose and stocks fell. CoinDesk reported that BTC remained August’s best-performing asset despite the broader geopolitical market pressure.
Real Trump Coins denied authorizing GOLD or any other digital token, while questions persisted over its X account, related domains and the token’s concentrated supply. The company blamed “bad actors,” according to Cointelegraph.
A BPI study cited by CoinDesk suggests everyday Americans may respond more to bitcoin’s personal-control and micro-investing features than to broader “digital gold” or world-changing narratives.
CoinDesk says Bitcoin is outperforming stocks while correlating more closely with gold. The Aug. 28 market note highlights BTC’s changing cross-asset behavior, with spot gold as the key comparison.
Bitcoin briefly touched $81,455, its highest level since May 15, before pulling back as altcoins consolidated. The move coincided with weaker Nasdaq futures and further gains in gold ahead of the weekend.
Warsh’s Jackson Hole speech could influence expectations for Fed support of Treasury buybacks, with potential implications for bitcoin, gold and long-term Treasury yields, CoinDesk reports.
Binance founder Changpeng Zhao said Bitcoin could overtake gold in the next bull run, while noting that gold is currently worth about 10 times more. He also described any national shift toward Bitcoin as a years-long process.
Bitcoin fell below $78,000 after July US PCE inflation data exceeded expectations slightly. Stocks and gold also declined, while the cryptocurrency stayed below the $80,000 mark.
A federal jury convicted Profit Connect owner Brent Kovar on 15 counts in an alleged $24 million AI crypto fraud scheme. Prosecutors said false guarantees and nonexistent reserves attracted at least 400 investors.
Gold reached a three-month high as a weaker dollar and falling yields supported demand. Bitcoin briefly moved above $80,000 for the first time since May, extending gains in focus across commodity and crypto markets.
Bitcoin bulls continued to contest the $80,000 zone as gold pulled back from its highest levels since mid-May. The moves occurred alongside falling US bond yields, according to Cointelegraph.
A jury convicted Las Vegas man Brent Kovar in a $24 million crypto mining scheme. He allegedly told at least 400 investors that a supercomputer mined crypto for them and that their money was FDIC-insured.
The US can sanction anyone operating in Iran’s crypto sector, Decrypt reported. Digital assets are included in a Treasury campaign called an “Economic D-Day,” alongside technology, gold, aviation and shipping.
