Glassnode Says Bitcoin Jumped 21% After US Treasury Expanded Buybacks

Bitcoin has risen 21% since the US Treasury announced an expansion of its bond buyback program, according to Glassnode. The move underscores renewed interest in the token as a hedge against a weaker dollar.

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Aug 21, 2026 at 6:58 PM UTC · 1 dk okuma

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On-chain analytics firm Glassnode said Bitcoin has risen 21% since the US Treasury announced an expansion of its bond buyback program.
The market sees concern over a decline in the dollar's value and expectations of liquidity provision as factors affecting Bitcoin demand.
With limited supply, Bitcoin is highlighted as an asset that can hedge against a decline in currency value, while related policies are having a bigger effect on its price.

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On August 21, the on-chain analytics firm said Bitcoin was up 21% from the Treasury's buyback expansion announcement through now.

Glassnode attributed the gain to renewed market concern over a decline in the dollar's value. The view that expanded Treasury buybacks could inject liquidity and weaken the currency is influencing demand for Bitcoin.

Bitcoin's limited supply has long made it a candidate, alongside gold, for investors seeking protection against currency debasement. More recently, US fiscal policy and Treasury market-related measures have had a growing effect on the token's price.

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Originally reported by bloomingbit

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