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The Real Story Behind Bitcoin's Sudden Rally

Summary by Times of India
A US Treasury debt buyback decision lowered long-term yields, sparking a cross-asset rally across gold, equities, and Bitcoin. Coupled with a historic $1.1 billion short squeeze, the surge reflects macro liquidity moves rather than crypto-native triggers, making ETF inflows crucial for long-term sustainability.

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Bitcoin surpassed $73,000 on expectations of deregulation in the U.S. The upward trend accelerated due to a combination of President Trump's call for the passage of the Clarity Act and a short squeeze, and the price also exceeded 100 million won on the domestic Bithumb exchange.

Cryptocurrencies accelerate after the U.S. Treasury doubles to $4 billion its long-term debt buybacks and Trump reactivates pressure to approve the Clarity Act.

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investorideas.com broke the news on Thursday, August 20, 2026.
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