Bitcoin Soars Past $77K After Treasury Move

NEWS / Crypto

Treasury’s Surprise Bond Move Ignites Bitcoin Rally Past $77,000

Milena Thomas
Published Aug 30, 2026
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Summary:

• Bitcoin surged 15% in two days after the Treasury expanded its bond repurchase program
• Gold simultaneously jumped 16% from June lows as dollar weakness spread
• Short sellers lost $300+ million as bitcoin broke through key resistance at $67K

Everyone knew bitcoin was stuck. For weeks, traders watched it shuffle around a narrow band, drawing a line at $67,000 that the price could not cross. So they did what traders do: they bet against it, wagering that the line would hold.

It did not. The Treasury changed everything in one afternoon.

What Happened

The trouble started on Wednesday, when the Treasury Department surprised the market by announcing a major expansion of its bond-buyback program. The move was meant to calm a bond market that had been under selling pressure, but the immediate reaction took traders by surprise.

Bitcoin had stayed below $67,000 for weeks, but by Friday it was above $77,000. That move destroyed short sellers who had bet against it, forcing them to buy back bitcoin at huge losses.

Almost everything changed at once. Gold and bitcoin jumped together, and the dollar sold off. Investors were suddenly looking for alternative assets.

The Trade That Collapsed

For weeks, bitcoin had stayed pinned near $67,000. It had dropped from a high of around $95,000 in January and had slipped below $60,000 in June. Then, in one afternoon, the Treasury blew up that trade.

When the buyback news hit, bitcoin climbed above $77,000 and caught every paved blast.

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Policy Tailwinds Emerge

Washington’s actions provided additional fuel. The administration urged lawmakers to accelerate digital asset regulations, while a White House meeting offered clearer guidance for crypto firms. These developments compounded the market’s upward momentum.

What It Means for Investors

This week mattered not just because bitcoin went up, but because the dollar’s weakness and bitcoin’s rise happened at the same time. When investors move out of traditional currencies and into assets like bitcoin, they are often sending a warning. This week, they did.

What’s Next

For now, the Treasury’s move worked. It calmed bond markets, but the debt is still growing and inflation is still an issue. Investors who trusted the dollar stopped for a moment and looked at gold and bitcoin instead.

• Bitcoin investors meant it moved again.

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Source: www.briefs.co