Bitcoin hits $80,000’s doorstep just as the ETF bid disappears for the weekend

Bitcoin enters the weekend within striking distance of $80,000, registering an intraday high at $79,500 on Aug. 21. The move caps the biggest weekly rally in two years, built on a rare combination. A surprise Treasury intervention, roughly $1.6 billion of spot ETF inflows, and billions of dollars in forced short liquidations all landed together. [ ]