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Bitcoin and ether rise after Treasury long-term debt repurchase

Bitcoin was trading at $77,307.95 and ether at $2,390.81 as crypto gains were linked to lower long-term bond yields and improving risk appetite.

Friday, August 21, 2026 · Written up by our desk · Market Structure

Bitcoin and ethereum continued to climb on Friday, with bitcoin up 5.4% from Thursday’s opening price and ether up 3.3% at the start of trading, according to Yahoo Finance.

As of 9:08 a.m. ET, bitcoin was $77,307.95 and ethereum was $2,390.81, after both prices moved higher through the morning.

Yahoo Finance said the rally was sparked by a Treasury announcement to buy back more long-term debt and by President Trump’s call to pass crypto legislation.

The outlet added that Treasury repurchases can inject liquidity into financial markets by suppressing long-term bond yields, which can free up investor cash and boost demand for riskier assets like cryptocurrencies.

Latest closeBitcoin $84,310.25 ▼0.1%|Ethereum $2,685.67 ▲0.0%

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