Bitcoin surged 5.8% to near $70K on August 19, its highest since June 2, as a Treasury bond buyback expansion eased yields and lifted crypto

BTC rose 6% while ether, solana and crypto stocks climbed after the Treasury doubled the size of its bond buybacks.

The move triggered nearly $2 billion in crypto liquidations and lifted crypto-linked stocks, with Strategy and Bitmine gaining around 10%.

Bitcoin soars past $70,000, fueled by lower yields and optimism from Trump's meeting with crypto leaders, sparking market recovery.