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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
CNBC
View Source
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.

More News

President Trump sells Micron stock, buys another major AI company stock.

President Trump sells Micron stock, buys another major AI company stock.

President Trump has sold his shares in Micron Technology and used the proceeds to invest in another large-cap company focused on artificial intelligence. This move highlights a shift in his investment strategy towards the growing AI sector, which is ...

Market News
Bearish
1 hour ago
Tesla stock often swings 8%+ after earnings, showing high volatility in recent reports.

Tesla stock often swings 8%+ after earnings, showing high volatility in recent reports.

Tesla's stock has shown significant volatility around earnings reports, moving 8% or more after 10 of its last 15 earnings announcements. This pattern highlights the market's strong reaction to Tesla's financial results, making its stock particularly...

Company Fundamentals
Neutral
4 hours ago
Cysic halts crypto bridge after unauthorized mint of 10M CYS tokens on BNB Smart Chain

Cysic halts crypto bridge after unauthorized mint of 10M CYS tokens on BNB Smart Chain

Cysic suspended its cross-chain bridge after an unauthorized minting of 10 million CYS tokens on the BNB Smart Chain on October 17, 2026. The incident was limited to the bridge's minting process, with the mainnet and other systems unaffected. About 2...

Market News
Bearish
4 hours ago
Cysic's cross-chain bridge halted after 10M tokens forged in attack on Oct 17

Cysic's cross-chain bridge halted after 10M tokens forged in attack on Oct 17

On October 17, Cysic's cross-chain bridge was attacked, resulting in the unauthorized creation of 10 million CYS tokens on the BNB Chain. Attackers exploited a database flaw to submit fake minting messages. The bridge was immediately paused, and 2.8 ...

Market News
Bearish
4 hours ago
XRP trades near $1.30 with $2.76B in futures open interest and mixed October price probabilities.

XRP trades near $1.30 with $2.76B in futures open interest and mixed October price probabilities.

XRP was trading at $1.2963, down 1.02% in 24 hours and 7.17% over the past week. Futures open interest stood at $2.76 billion, indicating significant trader activity, with futures volume vastly exceeding spot volume. Market contracts suggest a 50% ch...

Market News
Neutral
4 hours ago
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