Aug 21, 2026
Bitcoin surges past $75,000 as short squeeze wipes out over $1 billion in positions
Bitcoin climbed above $75,000 in late August 2026, marking its highest level since June, as falling Treasury yields and expectations of favorable crypto regulation triggered massive short liquidations exceeding $1 billion. The rally was amplified by President Trump urging Congress to pass crypto legislation and Treasury Secretary Scott Bessent's expanded bond buyback program.
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