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Bitcoin roars past $70,000 as yields sink, Trump sparks optimism
BusinessLine· 2026-08-20 19:21
Bitcoin surpassed $70,000 for the first time in over two months, propelled by US Treasury Secretary Scott Bessent’s successful move to push US bond yields lower and a high-stakes meeting President Donald Trump held with crypto industry leaders.Bitcoin rose about 4.1 per cent to over $71,900, its highest level since May 31. A token associated with offshore exchange Hyperliquid climbed 23 per cent in 24 hours, according to CoinGecko data, after Trump indicated the US is looking at options for allowing the der ...