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Bitcoin jumps 26% in August, outpacing gold and stocks, signaling a shift toward a store of value amid Treasury bond buybacks.

Market News
28 Aug 2026
Cointribune
View Source
Bullish
Bitcoin jumps 26% in August, outpacing gold and stocks, signaling a shift toward a store of value amid Treasury bond buybacks.

In August 2026, Bitcoin surged 26%, outperforming gold (+13.8%), Nasdaq (+4.8%), and S&P 500 (+3.2%). Its 30-day correlation with gold rose to +0.81, while its link to the Dollar Index dropped to -0.86, indicating Bitcoin is increasingly seen as a store of value rather than a risky asset. This shift coincides with the U.S. Treasury doubling long bond buybacks, which boosted Bitcoin's price from $64,000 to nearly $80,000 in one week. Investors are watching closely for Federal Reserve Chairman Kevin Warsh's upcoming speech at Jackson Hole, which could confirm or challenge this trend depending on his stance on Treasury coordination and monetary policy.

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FREELANDER debuts international test drive and brand event at 2026 Chery User Summit in China

FREELANDER debuts international test drive and brand event at 2026 Chery User Summit in China

FREELANDER participated in the 2026 Chery International User Summit in Wuhu, China, showcasing the international variant of its FREELANDER 8 model through a day-and-night program on October 19. The day featured the first international test drive on c...

Others
Bullish
1 hour ago
Disc Medicine to webcast APOLLO Phase 3 trial results of bitopertin for erythropoietic protoporphyria

Disc Medicine to webcast APOLLO Phase 3 trial results of bitopertin for erythropoietic protoporphyria

Disc Medicine announced a webcast on October 19, 2026, to discuss topline results from its APOLLO Phase 3 trial of bitopertin, an investigational oral drug for erythropoietic protoporphyria (EPP). Bitopertin targets glycine transporter 1 to modulate ...

Market News
Neutral
3 hours ago
Bitcoin tops $82,000 amid talks of Putin, Trump, and Xi meeting on Ukraine.

Bitcoin tops $82,000 amid talks of Putin, Trump, and Xi meeting on Ukraine.

Bitcoin surged above $82,000 on October 18, reaching a 24-hour high of $82,183.56, following news of a proposed meeting between Russian President Vladimir Putin, U.S. President Donald Trump, and Chinese President Xi Jinping to discuss the Ukraine con...

Market News
Neutral
4 hours ago
Bitcoin shows strong $5.34M support at $81,677 on Coinbase order book snapshot

Bitcoin shows strong $5.34M support at $81,677 on Coinbase order book snapshot

A recent Coinbase order book snapshot revealed a significant $5.34 million buy order for Bitcoin at $81,677, representing a key support level about 0.40% below the midpoint price of $82,003. Total nearby buy orders amounted to $23.74 million, slightl...

Market News
Neutral
4 hours ago
Bitcoin, Solana, Near, and Hyperliquid hover near key support levels with mixed daily moves.

Bitcoin, Solana, Near, and Hyperliquid hover near key support levels with mixed daily moves.

On October 18, Bitcoin (BTC), Solana (SOL), Near Protocol (NEAR), and Hyperliquid (HYPE) traded close to their technical support ranges, showing mixed performance throughout the day. BTC hovered around $80,000–$81,000, SOL near $100–$102, NEAR at $4....

Technical Signals
Neutral
4 hours ago
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