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Bitcoin and crypto surge as Trump backs industry and US Treasury lowers yields, sparking bullish outlook to $100K by 2026

Market News
20 Aug 2026, 08:29 WIB
CNBC
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Bullish
Bitcoin and crypto surge as Trump backs industry and US Treasury lowers yields, sparking bullish outlook to $100K by 2026

Bitcoin, ether, and other cryptocurrencies rallied after former US President Donald Trump expressed support for the crypto sector and urged Congress to pass a supportive bill. The US Treasury's move to increase buybacks of long-term bonds lowered yields, making riskier assets like Bitcoin more attractive. Experts predict Bitcoin could reach $100,000 by the end of 2026, driven by favorable macroeconomic and policy factors. This momentum also triggered significant short liquidations and pushed ether to a three-month high.

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