Bitcoin rallies above $82,000 as crypto stocks rise

Bitcoin rallied above $82,000. The price reached as high as $81,282 on Thursday morning in New York. That level represented a nearly 3% increase over 24 hours. Bitcoin gained over 23% in the past 30 days. The increase followed positive regulatory news and U.S. Treasury Department announcements about debt buybacks. Strategy traded more than 13% higher on Thursday. Strategy resumed bitcoin purchases on Monday after a 10-week pause to adjust its cash balance sheet. Coinbase shares rose 11% during the same period. HIVE Digital rose 13%. MARA Holdings gained more than 10%. CleanSpark rose 9%. IREN gained 4% as it phased out mining operations to focus on AI computing. Bitcoin's August performance was its third-best such month in its history. The U.S. Treasury Department said it would more than double the size of its government debt repurchases. The announcement aimed to reduce rising yields that had not been seen in nearly 20 years. The announcement hurt the dollar and benefited bitcoin and gold. President Donald Trump urged lawmakers to advance the crypto Clarity Act. Investors directed over $2.8 billion into bitcoin exchange-traded funds. That was the largest inflow since October, when bitcoin reached a new all-time high. Bitcoin traded below $80,000 for much of the year. June and July were mostly below $65,000. Bitcoin reached a record of $126,080 in October. Bitcoin is now nearly 40% below that level.