Bitcoin has suddenly surged by more than 10% over the last 24 hours, following quiet signs an even bigger move could be around the corner.
‘Buckle Up’—The Real $40 Trillion Reason Why A Massive Bitcoin Surge Could Be Just Beginning
Bitcoin has suddenly surged by more than 10% over the last 24 hours, following quiet signs an even bigger move could be around the corner.
Forbes
Publisher
Aug 20, 2026 at 9:23 AM UTC · 4 dk okuma

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bitcoin
Market Impact
BTC+11.63%$71,857
Last Updated
3 dakika önce
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The bitcoin price has topped $70,000 per bitcoin after spending months at around $60,000, with BlackRock sending the market a surprise signal earlier this month. Ethereum, up 20% and other major cryptocurrencies including Ripple’s XRP, up 15%, and Hyperliquid’s hype, up 25%, also rocketed higher.
Now, as the Federal Reserve grapples with its bitcoin nightmare coming true, U.S. federal-government debt has passed $40 trillion for the first time—just as the Treasury said it will buy back more long-term government bonds in a desperate attempt to contain soaring borrowing costs.
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U.S. Treasury secretary Scott Bessent announced the Treasury would buy back more long-term government bonds just as U.S. federal-government debt passed $40 trillion for the first time.
Getty ImagesThe U.S. Treasury surprised the market by announcing it would “at least double” purchases of long-term government debt as it scrambles to contain a sell-off that has sent borrowing costs soaring.
Market Context
Bitcoin
BTC
$71,832
+11.59% (24H)
Market Cap
$1.44T
24H Volume
$47.1B
24H High
$72,000
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