Business Desk – Bitcoin Price Update News: There was a strong rise in the price of Bitcoin, the world's largest cryptocurrency, on Friday, August 21, 2026. Bitcoin reached $74,644 on the last trading day of this week. Its price has registered a rise of 7.5% in the last 24 hours.
The connection of this boom in the crypto market is being said to be with America. Work is underway to advance crypto-related legislation in America. Apart from this, the American Treasury Bond Buyback Program is also being considered as a reason for this rise.
Bitcoin gained momentum after long pressure
There was pressure on the price of Bitcoin since the beginning of the year. However, in the last few days it has started a bullish phase. After a long time, Bitcoin crossed the level of $71,000 and now it has reached above $74,600. The weakness in the dollar and treasury yields in the market is also being linked to the rise in Bitcoin. Apart from this, the continuously increasing investment in Bitcoin ETF is also supporting the price of cryptocurrency.
What is the connection with the US Treasury Buyback Program?
There is also talk of America's treasury bond buyback program behind the rise in Bitcoin. The US Finance Department has announced doubling the level of government loan repayment. The effect of this step is being seen in the crypto market along with the financial markets. The rapid buying of Bitcoin has attracted the attention of investors and market analysts.
Despite the bullishness, analysts are advising to be cautious
Bitcoin has definitely gained 7.5% in 24 hours, but some market experts are still advising caution. A report by Forbes has warned about the possibility of a big fall in the price of Bitcoin. On the other hand, 'Rich Dad Poor Dad' author and investor Robert Kiyosaki has expressed the possibility of a big rise in Bitcoin and Ethereum. He has also been advising investors to buy these cryptocurrencies.
Other major cryptocurrencies including Ethereum also rose
Along with Bitcoin, other major cryptocurrencies also saw a rise on Friday. The price of Ethereum rose by 3.65% in the last 24 hours to $2,339.73. There was not much fluctuation in Tether. Its price reached $0.9996579 after a rise of 0.03%. Whereas BNB recorded a rise of 4.27% and its price became $655.15. The price of XRP also rose sharply to reach $1.29.
Today Top 5 Crypto Prices
On Friday, Bitcoin was the most discussed among the world's top cryptocurrencies. Its price reached $74,644. Ethereum is trading at $2,339.73, Tether at $0.9996579, BNB at $655.15 and XRP at $1.29.
The current rise in Bitcoin has definitely increased the hopes of crypto investors, but after the sharp rise, there is still a risk of market fluctuations. In such a situation, the market will keep an eye on further US policy decisions, dollar, treasury yield and investment in Bitcoin ETF.