India, Aug. 31 -- Bitcoin Price Today (31 August): Bitcoin enters the final day of August near the $78,000 mark after a sharp recovery earlier in the month pushed the cryptocurrency above $80,000. The world's largest cryptocurrency has pulled back from its recent August high but continues to attract attention as investors assess the impact of US Treasury policy, institutional demand, Federal Reserve signals and renewed interest in so-called "debasement trade" assets. Recent market data shows Bitcoin reached above $81,000 in August before retreating towards the $78,000-$79,000 zone.

The August rally followed a major shift in market sentiment after the US Treasury announced plans to increase its purchases of longer-dated government bonds. ...