Bitcoin rose above $77,000 on Friday amid the US Treasury Department’s announced increase in buybacks of long-term Treasury bonds. Gold also gained, while the US dollar faced a sell-off. Fortune reports.
Bitcoin rises above $77,000 amid US Treasury buybacks — Fortune
Bitcoin rose above $77,000 on Friday amid the US Treasury Department’s announced increase in buybacks of long-term Treasury bonds. Gold also gained, while the US dollar faced a sell-off. Fortune reports.
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Aug 23, 2026 at 2:51 PM UTC · 1 분 소요

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9분 전
On Wednesday, the US Treasury said it would at least double the volume of planned purchases of long-term government debt. The move was intended to calm the bond market after a prolonged sell-off that had led investors to demand higher yields for lending to the US government.
Gold and Bitcoin movements
According to the publication, Treasury yields and the dollar exchange rate declined after the bond buyback announcement. Investors moved more actively into alternative assets: the price of gold rose by more than 2% on Wednesday and reached $4,661 on Friday. Bitcoin gained more than 20% over the week.
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Before the rally, the cryptocurrency had traded for several weeks in a range between $62,000 and $67,000. Fortune writes that many traders had bet that the price would remain within these limits. After breaking above $67,000, holders of short positions began closing them by buying back the digital asset, which intensified the rise in its price.
Market Context
Bitcoin
BTC
$77,203
+0.31% (24H)
Market Cap
$1.55T
Circulating Supply
20.1M BTC
24H Volume
$28.5B
24H High
$77,787
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