- Bitcoin surged over 24% in a week, rising from $61,000 to $80,000.
- The rally followed the US Treasury‘s decision to double long-term bond buybacks to at least $4 billion.
- While the cryptocurrency market rallied, stocks closed lower; the move was also supported by President Donald Trump’s pro-crypto statements.
- Potential risks include eventual Treasury cash account refilling and possible Federal Reserve rate hikes.
Bitcoin (BTC) surged from $61,000 to $80,000 in under a week, marking one of the strongest upward pushes for the cryptocurrency market in 2026. According to CoinGecko data, BTC’s price rose more than 24% across weekly, 14-day, and monthly charts.
The upswing coincided with increased liquidity from the US Treasury‘s decision to double long-term bond buybacks to at least $4 billion. Meanwhile, the stock market failed to rally, with major stocks closing lower on August 24.
The cryptocurrency market rally was further supported by President Donald Trump’s White House event, where he invited crypto leaders and hinted at potential US Bitcoin purchases. Consequently, investor sentiment received an additional boost.
However, challenges loom. The US Treasury will eventually need to refill its cash account, potentially redirecting liquidity away from crypto.
Moreover, inflation remains above the Federal Reserve‘s 2% target, raising the possibility of a rate hike that could drive capital away from risk assets. As Coin Bureau noted in a tweet, “CRYPTO may already be front-running US’s next liquidity wave.”
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