Bitcoin prices have been on the rise since US announced bond buyback plans. Victor Besa / The NationalShow caption: Bitcoin prices have been on the rise since US announced bond…The world's biggest cryptocurrency has rallied about 20 per cent this weekThe NationalAugust 21, 2026
Bitcoin surged nearly 20 per cent in a week, climbing as high as $75,740 during an extended Asia trading rally.
US Treasury Secretary Scott Bessent's announcement to double bond buybacks fuelled renewed market enthusiasm for cryptocurrency.
President Donald Trump met with industry leaders and urged the Senate to pass the Clarity Act, a stalled crypto market structure bill.
VanEck's head of digital assets research attributed Bitcoin's price surge to the Treasury's actions, saying it was "reigniting fears of fiscal dominance."
