Bitcoin · Federal Reserve (FED) · U.S. · CryptoSlate
Bitcoin on course for best August since 2017 despite renewed US-Iran hostilities
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Bitcoin is on track to log its best August performance since 2017, demonstrating remarkable resilience against back-to-back macro shocks as escalating US-Iran hostilities and a hawkish pivot from the Federal Reserve test the durability of the digital-asset rebound.
Key facts
- That contrasts with the expansion between August 2024 and October 2025, when USDT grew from $120 billion to $196 billion, and USDC climbed from $35 billion to $75 billion
- Under Timmer's framework, Bitcoin's recent cycle low near $59,572 remained above power-law support around $58,237, leaving the cryptocurrency within roughly 2.3% of the model's lower boundary
- A sustained move through $80,000 and $82,000 accompanied by rising exchange volumes would provide stronger confirmation that the rebound is broadening beyond price momentum alone
- Bitcoin is negotiating overhead resistance between $78,214 and $82,139
Summary
01 Bitcoin gained more than 24% in August despite a hawkish Fed shift and renewed US-Iran fighting. 02 Brent crude above $90 adds inflation pressure as higher-rate expectations tighten financial conditions. 03 Weak spot participation leaves $80,000 to $82,000 as Bitcoin’s key confirmation zone. Data from CryptoSlate shows that the largest cryptocurrency is trading near $78,400 as of press time, bringing its monthly advance to more than 24%.