Analysis-Bitcoin’s late summer rally set to face off against the Fed, Congress

Bitcoin demonstrated renewed strength in late August, climbing above $70,000 after an extended period of weakness that saw the cryptocurrency trade around $60,000 lows. The asset had experienced a substantial decline from its October 2025 peak above $126,000, representing approximately a 50% loss from that high point. The recovery marked a significant shift in market sentiment after months of challenging conditions for digital assets.
Options market data indicated a bullish turn in trader posit