Browsing: Bitcoins

Bitcoin ran from around $64,100 to nearly $70,000 within hours on Aug. 19, once the US Treasury unexpectedly doubled its planned buybacks of long-dated government debt. The move pushed bond yields lower and forced roughly $1.4 billion of crypto short positions out of the market in just four hours.

Eric Trump, co-founder and Chief Strategy Officer of American Bitcoin Corp. (NASDAQ:ABTC), expressed excitement over Bitcoin’s(CRYPTO: BTC) dramatic surge on Wednesday.

(Aug 20): Bitcoin’s bruised market suddenly sprang back to life, surging nearly 8% and unleashing the biggest wave of short liquidations in records going back to 2021.

On August 19, 2026, the world’s largest digital token climbed nearly 8%, triggering the biggest wipeout of short positions in records dating back to 2021. Traders who had bet against Bitcoin got caught off guard, and the fallout was brutal.

Blackrock says bitcoin’s more than 50% pullback from its October 2025 high hasn’t changed the asset’s long-term investment case, and the firm still recommends a 1-2% portfolio allocation funded out of equities.

After falling just short of hitting $70,000 on reports that the U.S. Treasury is doubling bond buybacks to $4 billion, bitcoin appeared to consolidate above $68,200. Despite this, the top cryptocurrency was still up more than 6%, making Aug. 19 one of its best days of the month so far.

Bitcoin ($BTC) surged sharply after the US Treasury Department expanded liquidity support for the long-term bond market, triggering one of the largest short liquidations since October 2020.

Bitcoin’s long-term appeal remains intact despite forced liquidations, weaker ETP flows and competition from AI-themed investments. ByChayanika Deka

August 2026 wasn’t just another month in the crypto calendar; it marked a turning point as Bitcoin rocketed past $69,000 in a breathtaking burst. This extraordinary uptick was sparked by a colossal short squeeze, thrusting the cryptocurrency into one of its most tumultuous eras yet. Such unprecedented spikes in value not only exemplified Bitcoin’s erratic…

My August 19 read separates current states from future triggers. Bitcoin pierced resistance without clearing the August 9 pivot and then fully retraced, Ethereum’s bearish pullback thesis remains active without a confirmed ETH/BTC Cloud transition, breadth dominance stays mixed, TradFi is pulling back inside my broader buy-the-dip view, and ALT setups range from confirmed signals…