Bitcoin and Ethereum rise over 5% and 3% respectively after U.S. Treasury announces long-term debt repurchases to increase market liquidity.
Bitcoin (BTC-USD) opened at $73,013 on August 21, 2026, up 5.4% from Thursday, and climbed to $77,307.95 by 9:08 a.m. ET. Ethereum (ETH-USD) rose 3.3% from its prior open to $2,326.60, reaching $2,390.81 in early trading.
The rally follows the U.S. Treasury’s announcement to repurchase long-term debt, injecting liquidity and suppressing bond yields. Lower yields typically drive investors toward risk assets like cryptocurrencies. Bitcoin is up 15.2% over the past week and 11.9% over the past month, though it remains 36.1% below its all-time high of $126,198.07. Ethereum has surged 23.5% week-over-week and 22.2% month-over-month but is still 46.3% off its peak.
The move aligns with broader market optimism after President Trump’s call for crypto legislation, further fueling demand for digital assets.