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Why did Bitcoin price surge 11% above $71,000?

Crypto.News Published 20.08.2026 11:48

Bitcoin surged 11.4% to nearly $72,000 as Treasury buyback changes, ETF inflows and short liquidations supported the breakout.

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Market Prices

Bitcoin

Bitcoin

$63,111.35

BTC 0.01%

Ethereum

Ethereum

$1,678.64

ETH 1.11%

XRP

XRP

$1.17

XRP 2.73%

Solana

Solana

$66.79

SOL 1.85%

Cardano

Cardano

$0.17

ADA 4.12%

Stellar

Stellar

$0.20

XLM -0.73%

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