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CryptoMarkets

Bitcoin Surges 10.6% in Two Days, Tops $72,000 for First Time Since June

Bitcoin climbed above 100 million won, or about $72,300, for the first time in two months after surging more than 10% in two days. The rally was driven by lower U.S. Treasury yields after an expansion in long-dated Treasury buybacks,…

bloomingbit

Publisher

Aug 21, 2026 at 5:21 AM UTC · 2 Min. Lesezeit

Bitcoin Surges 10.6% in Two Days, Tops $72,000 for First Time Since June
Image via bloomingbit

Entities

bitcoin

Market Impact

BTC+6.55%$76,315

Last Updated

vor 8 Stunden

Übersetzung…
  • Bitcoin surged 10.6% in two days, topping 100 million won for the first time since June.
  • The rally was driven by lower Treasury yields after expanded U.S. long-term Treasury buybacks, expectations for easier crypto regulation, and a short squeeze.
  • Expectations for greater crypto institutionalization and growing views that the recent bottom has passed lifted the broader market, including altcoins, XRP, Ether, and Solana.

Forecast Trend Report by Period

Bitcoin Tops $72,000 for First Time Since June; XRP Jumps 15% in a Day

Treasury Buybacks, Lower Yields and Short Squeeze Fuel Crypto Rally

Bitcoin climbed above 100 million won, or about $72,300, for the first time in two months after surging more than 10% in two days. The rally was driven by lower U.S. Treasury yields after an expansion in long-dated Treasury buybacks, expectations for looser crypto regulation and a wave of forced short covering.

According to South Korean crypto exchange Upbit, Bitcoin traded at 100.591 million won, or about $72,700, as of 9 a.m. on Aug. 21, up 5.5% from 24 hours earlier. It was the first time Bitcoin had topped 100 million won since June 1, when it reached 104.14 million won. From 90.933 million won at 9 a.m. on Aug. 19, the token has gained 10.6% in two days.

Market Context

Bitcoin

BTC

$76,442

+6.72% (24H)

Market Cap

$1.55T

Circulating Supply

20.1M BTC

24H Volume

$68.5B

24H High

$79,511

View Bitcoin Market Page

Article Intelligence

Key Entities

bitcoin

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