Bitcoin ($BTC) has closed out a third consecutive week of price gains, hovering near $80,000 on September 4 as investors sought alternatives to volatile stocks and a fragile bond market. A bond is a loan an investor makes to a government or company in exchange for regular interest payments. Bitcoin rose 5% over the past week and hit a high of $82,272.31 on September 3.
That September 3 price was Bitcoin's highest since May 11, when the cryptocurrency briefly touched $82,499.99. Bitcoin had spent several months rangebound between $60,000 and $65,000 before the current three-week run. Its all-time record of just over $126,000 was set on October 6, 2025.
The broader rally and where the money went
Other digital assets have moved with Bitcoin. Ethereum hit a multi-month high of $2,545.62 on September 4. Dogecoin gained 10% on September 3 to trade at $0.09 per token. The global cryptocurrency market capitalization, the combined dollar value of every digital currency in circulation, reached $2.82 trillion on September 4, its highest level in more than seven months. It had fallen as low as $2.05 trillion at the end of June, when Bitcoin was trading near $58,000.
Spot Bitcoin exchange-traded funds, investment products that track Bitcoin's actual current price, recorded net inflows of $730.9 million on September 3. That was the largest single-day figure since January 14, when such funds drew $843.6 million. BlackRock's iShares Bitcoin Trust ($IBIT) led the day with more than $450 million of inflows. XRP exchange-traded funds also attracted capital, pulling in $170 million over 11 consecutive trading days; Goldman Sachs held the largest institutional position in those funds at $87.4 million, per regulatory filings.
Strategy buys at $80,000 and defends the timing
Strategy ($MSTR) made its first Bitcoin purchase in two months, acquiring 4,603 Bitcoin for $369.7 million at an average price of $80,318 per coin. The company funded the buy through the sale of $602.80 million of common stock and now holds 845,050 Bitcoin valued at $63.73 billion. Critics flagged that Strategy had sold nearly 7,000 Bitcoin at prices between $60,000 and $65,000 before buying again above $80,000. CEO Phong Le said the earlier sales were driven by capital costs: "It was the right trade at the time to sell Bitcoin to fund some of our dividends."
Bitcoin's 90-day correlation with gold, meaning how closely the two assets have tracked each other over the past three months, reached a six-year high, its closest alignment since the Covid-19 pandemic, according to data from Bitwise. In the second half of August, Bitcoin gained nearly 25% while gold rose 5% and stocks fell.