On Thursday, Bitcoin experienced a strong upward move, while shares of crypto-sector businesses climbed even faster as a multi-week bullish trend regained momentum.
During Thursday morning trading in New York, the price of the biggest cryptocurrency peaked at $81,282, marking an approximate 3% gain across a 24-hour timeframe.
In the last 30 days, Bitcoin values have expanded by more than 23%, fueled by favorable regulatory developments and updates from the U.S. Treasury Department concerning debt buybacks.
Meanwhile, equities belonging to prominent cryptocurrency corporations experienced steeper climbs. MicroStrategy (NASDAQ: MSTR), known for holding Bitcoin on its balance sheet, saw its shares trade over 13% higher on Thursday, following Monday’s announcement that it had restarted Bitcoin purchases after a 10-week break to reorganize its cash reserves.
Coinbase, the leading American cryptocurrency platform, also witnessed a surge in its equity value, with Nasdaq-traded COIN shares advancing 11% over the same duration.
Additionally, various Bitcoin mining enterprises enjoyed upward momentum, as major publicly traded firms in the sector—such as Nasdaq-listed HIVE Digital, MARA, and CleanSpark—all recorded gains on Thursday.
Leading the group, HIVE Digital advanced by 13%, whereas MARA Holdings recorded a daily increase exceeding 10%.
CleanSpark, a sustainable energy Bitcoin miner, went up by 9%, while IREN, which is gradually transitioning away from mining to concentrate on artificial intelligence computing, registered a 4% rise.
Bitcoin achieved an exceptional performance in August—marking its third best August ever recorded—following the U.S. Treasury Department’s declaration that it would more than double its government debt buyback program.
Intended to control soaring yields not witnessed in nearly two decades, this initiative weakened the greenback while providing advantages to non-yielding assets like gold and Bitcoin.
Shortly afterward, President Donald Trump encouraged legislators to pass the anticipated crypto Clarity Act, a regulatory framework for digital assets that the sector has requested for a long time.
Consequently, market participants flooded back into Bitcoin exchange-traded funds, injecting more than $2.8 billion into these investment products—marking the highest influx since October, when the cryptocurrency reached a fresh record peak.
For much of the year, Bitcoin traded under $80,000 per token, staying mostly beneath $65,000 throughout June and July, before achieving a peak of $126,080 in October, putting it roughly 40% under that peak level today.
Originally published at https://bitcoinmagazine.com/markets/bitcoin-rallies-over-81000.
