Bitcoin traded around $79,650 to $79,662 at about 5:40 p.m. Tehran time today, Thursday, August 27, 2026 (5 Shahrivar 1405), up roughly 1.4 percent over the past 24 hours. During that same 24-hour window the price ranged as high as $80,475 and as low as $77,648, according to CoinGecko. The world's largest cryptocurrency by market value, now worth an estimated $1.6 trillion, is up nearly 26 percent over the past month, but it remains about 37 percent below its all-time record. In short: this week's move is a strong rebound, not a new record.
Background
Bitcoin hit its all-time record of $126,080 on October 6, 2025 (14 Mehr 1404); ArzDigital, a Persian crypto price tracker, logged a close figure, $124,725, for the same peak one day later, October 7. From then until mid-August 2026, Bitcoin was in a long correction; Sahmino reported it trading in the $62,000 to $65,000 range through much of June and July. The trend turned on August 19 (28 Mordad), when Bitcoin jumped from around $64,000 to above $72,000 within days; Sahmino reported that move on August 20 (29 Mordad) as Bitcoin's highest level since early June. The rally continued: per interactivecrypto.com, Bitcoin traded above $79,000 for the first time since May 2026 on August 21 and 22 (30 and 31 Mordad), before crossing $80,000, per tradingpedia.com, on August 25 (3 Shahrivar). Ether, the second-largest cryptocurrency, has moved with far less momentum over the same period; per CoinGecko its 30-day change is roughly negative 5 percent, a sign that much of this move has been specific to Bitcoin rather than the broader crypto market.
Bitcoin in Numbers
Per CoinGecko at about 5:40 p.m. Tehran time today: price $79,662, 24-hour change +1.4 percent, 7-day change +11.2 percent, 30-day change +26.3 percent, and distance from the all-time high 36.8 percent. ArzDigital logged close figures at the same hour: a 30-day change of about 26.0 percent, a 7-day high of $80,849, and Bitcoin's dominance of the total crypto market at 59.7 percent. TradingEconomics quoted the price at $79,557 with a 0.7 percent daily change; the small differences across these three sources are normal, since each averages a different set of exchanges. Bitcoin's market capitalization is now about $1.6 trillion.
Drivers
The main driver behind this rally was a financial policy decision in Washington, not crypto-specific news. The US Treasury announced on August 19 (28 Mordad) that it would roughly double its long-dated bond buybacks, covering the 10-to-20-year and 20-to-30-year maturity sectors, in a program set to run from September 9 through November 4, 2026, according to mcmarkets.com and CoinDesk. The move coincided with falling long-term Treasury yields and a weaker dollar, a combination that has historically supported risk assets, including Bitcoin. CoinDesk reported that same day that roughly $1.4 billion in short positions were liquidated; per interactivecrypto.com, that figure grew to more than $4 billion by August 22 (31 Mordad), meaning a significant share of the rally reflects forced short covering rather than fresh buying alone. At the same time, US spot Bitcoin ETFs recorded net inflows of $517.2 million on August 19 and $307.45 million on August 21. Regulatory sentiment also improved: the US Securities and Exchange Commission (SEC) proposed a "Regulation Crypto Assets" framework on August 18 (27 Mordad) to clarify token-offering rules, and President Trump hosted the CEOs of Coinbase, Ripple and Kraken at the White House on August 19 (28 Mordad), a meeting Sahmino covered at the time.
Outlook
This section reflects analysts' views, not a forecast. Per tradingpedia.com, Bitcoin is trading above both its 50-day moving average ($67,394) and its 200-day moving average ($72,431), keeping the broader structure bullish, but its Relative Strength Index (RSI) sits around 83, a level that signals overbought conditions and a higher risk of a short-term pullback. The first major resistance ahead is the May 6, 2026 (16 Ordibehesht 1405) peak of $82,850; a decisive break above it, on this technical reading, could open the way toward a Fibonacci extension target of $91,374. On the other side, per interactivecrypto.com, some analysts caution that the rally has been driven mainly by short covering rather than durable demand, and that a pullback toward the $76,706 to $72,431 support zone remains a real possibility.
Bottom Line
Bitcoin is having its strongest month in more than a year and touched $80,475 today, but this is not a new record; the market remains about 37 percent below its October 2025 peak. The main driver has been the US Treasury's decision to double its long-dated bond buybacks and the resulting short squeeze, both tied to policy in Washington rather than a crypto-market event. The key point for an Iranian reader who holds part of their savings in Tether or on crypto exchanges: Bitcoin's dollar-price jump does not mean a new record, and the risk of a short-term pullback, according to analysts, remains real.
What to Watch
The $82,850 level (the May 6, 2026 peak) as the first serious resistance; whether inflows into US Bitcoin ETFs continue or stall; and whether the Treasury's buyback program is actually carried out starting September 9, which will help determine whether this rally is durable or temporary.
For the basics, see Crypto From Scratch: What Bitcoin Is, What Tether Is. For what dollar-pegged savings actually return after inflation, see Tether's Real Return After 83% Inflation. For the origin of this week's main driver, see Bitcoin Tops $72,000 as the US Treasury Doubles Long-Term Bond Buybacks, and for the regulatory backdrop see Trump Hosts Coinbase and Ripple CEOs at the White House.
