Bitcoin briefly surged past $75,500 on August 21, marking its highest level since February 2026, with a 7.87% daily gain and a weekly rise of nearly 18%.

The U.S. Treasury’s bond-buyback announcement helped send Bitcoin up nearly 6% with one analyst saying a broader recovery may be afoot.

The largest crypto asset rose more than 7% on Wednesday after several catalysts sent crypto-related assets higher.