Bitcoin and Ethereum surged above $69,500 and $2,000 on Wednesday after the US Treasury doubled planned buybacks of long-dated government debt. On Aug.
Bitcoin is showing several capitulation signals associated with previous bear market bottoms, but historical data suggests investors may need patience before expecting a meaningful recovery. Eight of the 12 capitulation indicators monitored by VanEck are currently in extreme territory, according to the asset managers mid-August Bitcoin ChainCheck.
September brings two regulatory decisions on opposite sides of the Atlantic. Microsoft Copilot AI predicts they set the tone for the rest of the year, and the price prediction places Bitcoin at $85,000 to $95,000 with a likely 2026 close near $90,000.The U.S. Senate vote on the CLARITY Act arrives in mid-September.
Bitcoin is close to forming a pattern that analysts say could signal prices rising to as high as $76,000.
The U.S. Treasury will at least double the maximum size of its buybacks for older long-term bonds to $4 billion per operation, a move that helped push yields lower and supported U.S. stocks, bitcoin and gold on Wednesday morning.
Bitcoin rose above $66,500 for the first time since July amid major regulatory initiatives in the United States, a reversal in institutional ETF flows and an important technical breakout on the daily chart. Analyzing market conditions, Bitwise Chief Investment Officer Matt Hougan succinctly summarized the events of the past 24 hours, saying that it was "hard not to be extremely bullish on both BTC and crypto right now.
ETF flows: Spot ETFs added $486.8 million as Bitfinex says renewed demand helped lift BTC. Profit exhaustion: Bitfinex highlights that spending cohorts have almost no profitable supply left to sell. Range pressure: Bitfinex notes repeated $65,000‑plus highs but no daily close above the band since July.
US spot Bitcoin ETFs recorded 189.3 million dollars of inflows on Tuesday, August 18, 2026. After 297.6 million the day before, the cumulative monthly total now approaches one billion dollars according to SoSoValue.
The US Treasury said Wednesday it will at least double the size of its long-end debt buybacks. The 30-year yield reversed sharply from a 19-year high, and Bitcoin climbed past $65,000.
Sweden-listed H100 Group has reported a pre-tax loss of 98 million Swedish kronor ($10.3 million) for the second quarter as the decline in Bitcoin's price weighed on the company's treasury holdings.
The proposed deal hands Metaplanet 95.7% at closing, while later capital depends on unexercised warrants and an optional preferred right.
Bitcoin is trading around $64,900 with a 1.3% gain in the last 24 hours, after briefly touching $65,000. Bitcoin's price has been trapped between $61,500 and $66,900 since July 8; implied volatility is at multi-year lows. The yield on the 30-year U.S. Treasury bond touched 5.