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A weaker dollar and shifting bond-market expectations have reignited investor appetite, while a major US crypto bill keeps traders watching Washington closely.

Yenişafak English AA13:08, 20/08/2026, ThursdayU:Update:13:32, 20/08/2026, Thursday AA See Yeni Şafak News More Often: Click and Add to Favorites on Google! AA File photo

Currencies38607 Market Cap$ 2.54T+11.6% 24h Spot Volume$ 61.21B+26.3% DominanceBTC56.61%+0.21%ETH10.83%+6.91% ETH Gas0.19 Gwei MarketEditor’s PickCryptocurrency Market NewsBitcoin (BTC) News Aug 20, 2026 3min read byKamina Bashir forBeInCrypto

Falling US bond yields, weaker dollar and renewed optimism over crypto regulation fuel rally Mucahithan Avcioglu 20 August 2026•Update: 20 August 2026 İSTANBUL

On August 20, Eastern Time, Bitcoin surged 11% to exceed $71,000, reaching its highest level since June 1 and breaking out of its previous sideways consolidation. The explosive rally was driven by liquidity injections from U.S. Treasury bond buybacks, the SEC’s passage of Crypto Asset Regulations, and a White House meeting with crypto executives. This…

During the day on August 19, the price ofBitcoincame close to touching$70,000following a 5.4% rally that forced the massive closure of bearish operations on major derivatives platforms.

Strategy shares rose 12.15% Aug. 19 as Bitcoin(BTC) neared $70,000, while Michael Saylor warned of potentially “difficult years.”

Leading cryptocurrencies jumped to their multi-month highs on Wednesday as investors parsed CLARITY Act optimism and other macro developments.

Bitcoin reaches $70,000 while Ethereum hits $2,300 and $180 billion flows into crypto markets as $2.74 billion shorts liquidate in 24 hours.

Bitcoin reclaims $70,000 for first time in over two months at $69,308 with bullish EMA50 support at $64,441 and RSI at 85.55 on 4h chart.