Finance

Bitcoin recorded a substantial monthly gain of over 25% in August, lifting its price near the $80,000 threshold. The digital asset outperformed traditional asset classes like equities and gold for the month, heavily supported by expanded long-term U.S. Treasury bond repurchases that injected liquidity into financial markets.

Precious metals and energy markets finished the week on a downward trend, with spot gold falling back toward the $4,500-per-ounce mark after expectations for higher interest rates reduced appetite for non-yielding assets. Simultaneously, global crude benchmarks recorded weekly losses as traders tracked geopolitical updates, including an announced sweeping oil development agreement between the U.S. and Venezuela.

Significant individual stock adjustments shook components of the market as corporate restructuring plans unraveled. Shares of PayPal plunged nearly 13% after a high-profile consortium involving Stripe and Advent abandoned its $50 billion takeover pursuit, eliminating a critical layer of deal premium support for the payments giant.