Bitcoin’s latest rally appears driven by improving risk sentiment, spot ETF inflows, easing inflation fears, and signs of miner capitulation.
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Regulatory normalization in the US, the advance of bitcoin ETFs and a renewed appetite for risk explain some of the upturn, while analysts point to other factors behind the rally.
Bitcoin mining caught the attention of investors again. In August 2026, bitcoin prices rose by about 25%, recording their best monthly performance since November 2024.