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25% in one month is $BTC's reported return through August 30, 2026, the best August performance the asset has logged since 2017.
The rally traces to a single date and a single catalyst: on August 19, President Donald Trump said the federal government may begin buying Bitcoin for the Strategic Bitcoin Reserve.
That announcement helped kick off a short squeeze. Bitcoin subsequently gave back part of those gains after Federal Reserve Chair Kevin Warsh delivered hawkish remarks at Jackson Hole on August 28.
Bitcoin ETFs snapped a nine-day consecutive inflow streak that same day. August in historical context August ranks as Bitcoin's third-worst month by average return.
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