Bitcoin reached approximately $69,749 on August 19, its highest level since June 2, marking a 5.8% daily gain. This rally was triggered by U.S. Treasury Secretary Scott Bessent announcing a doubling of the government’s long-term bond buyback program, which pushed yields lower and made risk assets more attractive. Equities tied to the digital asset sector also rallied in tandem. Bitcoin flirted with the psychologically important $70,000 level before settling around $69,266 at the close, but remains significantly below its all-time high above $126,000 reached in 2025.
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