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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
08/21/2026

US Treasury Buybacks and White House Crypto Summit Ignite Rally

What happened: The US Treasury announced it would double its long-bond buybacks to $4 billion per operation, starting September 9.

US Treasury Buybacks and White House Crypto Summit Ignite Rally

What happened: The US Treasury announced it would double its long-bond buybacks to $4 billion per operation, starting September 9. This policy shift, combined with a White House summit where President Trump suggested the US could "buy a significant amount of Bitcoin," served as key catalysts for the crypto rally. US inflation also dropped to 3.4%, fueling expectations of rate cuts.

Why it matters: The confluence of macro easing, political endorsement, and regulatory clarity has emboldened both institutional and retail participants. However, some analysts note that the rally's foundation is fragile, hinging on continued policy support and the absence of geopolitical shocks.

Source: Crypto.news, Watcher.guru