FTSE 100 Today: UK Stocks Edge Higher as Bitcoin Breaks $80,000 and Risk Appetite Returns
Key Points
FTSE 100 rose 0.2% to 10,872 as Bitcoin broke above $80,000 for the first time since May.
Bitcoin gained 28% in August, its strongest monthly performance since November 2024.
Melrose led FTSE 100 gainers, up 9.4% after its £73.4 million compensation announcement.
Gold stayed near a three-month high, up 14% in August, its best month since 1999.
The FTSE 100 added 0.2% to 10,872 on Tuesday, August 25, 2026. Bitcoin surged past $80,000 for the first time since May, lifting broader risk sentiment. The FTSE 250 outpaced blue chips, climbing 0.6% to 24,862.
Bitcoin’s Breakout Sets the Tone
Bitcoin climbed 4.7% to around $80,700 after touching an intraday high of $81,104, its strongest level since May. The token has gained roughly 25% over the past week and 28% for the month of August. That marks its biggest monthly gain since November 2024.
- Bitcoin: up 28% in August, its strongest month since November 2024
- Ether: advanced to around $2,503 alongside Bitcoin’s rally
- Trigger: a softer dollar following Treasury Secretary Scott Bessent’s bond-buyback plans
Trump’s call last week for Congress to pass crypto-regulation legislation added further momentum, with Bitcoin up 16% since that announcement.
FTSE 100 Leaders and Laggards
Melrose led FTSE 100 gainers on Tuesday, rising 9.4% following news of its £73.4 million compensation programme after a California chemical incident. Rightmove and Marks & Spencer each gained around 2.8%, while Next, Rolls-Royce, and IAG also advanced through the session.
Diageo fell 1.7%, the session’s weakest FTSE 100 performer. London Stock Exchange Group and Endeavour Mining both declined more than 1%. In the FTSE 250, Vistry jumped 16.3% after securing a £350 million government funding award, the standout mid-cap mover.
Commodities Reflect Mixed Signals
Gold eased 0.3% to around $4,636 an ounce but stayed close to a three-month high. The metal remains on track for its strongest monthly advance since September 1999, up roughly 14% in August.
- Gold: up approximately 14% in August, best month since September 1999
- Copper: rose 0.5% to $6.64 per pound
- Brent crude: continued trading lower amid fresh US sanctions on Iran
Rising gold alongside a Bitcoin breakout points to broader concerns over dollar debasement following Treasury intervention in bond markets.
Wall Street Context Weighs on Sentiment
Wall Street closed mixed overnight, with the S&P 500 down 0.28% and the Nasdaq Composite falling 0.76%. The Dow Jones bucked the trend, rising 0.26%. Nvidia dropped 2.91% ahead of its closely watched quarterly earnings due Wednesday.
Investors are also watching a Friday speech from Federal Reserve Chair Kevin Warsh for interest-rate signals. Fresh US inflation data due later this week could further shape FTSE 100 direction into September.
Wrap-Up
FTSE 100 gains stayed modest despite Bitcoin’s breakout, reflecting cautious positioning ahead of Nvidia’s earnings and Fed commentary. Melrose and Vistry drove the session’s standout moves on company-specific news. Broader risk appetite remains fragile heading into a data-heavy end to August.
Disclaimer:
The content shared by Meyka AI PTY LTD is for research and informational purposes only. Meyka is not a financial advisory service, and the information provided should not be treated as investment or trading advice.
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