Bitcoin trimmed its yearly losses to eleven percent as investors resumed buying following SEC approvals for the crypto industry. Although the initial euphoria has cooled somewhat, the market reaction may have marked the end of the top cryptocurrency’s bearish cycle.

The US Treasury Department’s decision to double its bond buyback volume also signaled the Trump administration’s commitment to pushing asset valuations higher. However, the rally may face a temporary pause, as the probability of a twenty-five basis point Fed rate hike in September rose to sixty-five percent.

Nevertheless, net inflows into spot Bitcoin ETFs reached three point five billion dollars in August, marking the highest monthly total since September twenty twenty-five. The Crypto Fear and Greed Index climbed to seventy-three, placing the market firmly in “Greed” territory and confirming positive investor sentiment.

On the daily chart, a bullish flag pattern has taken shape, indicating temporary consolidation. A breakout past the eighty-thousand-dollar mark would confirm the start of the next leg up toward one hundred thousand dollars, while the two-hundred-day EMA at seventy-two thousand five hundred dollars serves as key support.