US Treasury

According to Yahoo Finance, U.S. Treasury Secretary Scott Bessent’s public statements this week have driven Bitcoin and gold prices higher in tandem, with markets interpreting this as endorsement of the “debasement trade.” Analysts note that the Treasury’s positive stance on a Bitcoin strategic reserve is reshaping institutional allocation logic for crypto assets, though regulatory uncertainty remains a long-term risk factor. Editor: GoodInfo Global News Team

Core Summary Bitcoin broke through the $70,000 milestone during New York trading on August 19, reaching its highest price since June 2026. Ethereum gained approximately 10% in tandem, indicating broad market recovery. The rally was driven by two main factors: the US Treasury’s accelerated bond buyback program injecting liquidity, and the SEC advancing a crypto regulatory framework proposal that markets interpreted as a signal of clearer regulatory environment. Event Details According to real-time data from CoinDesk and The Block, Bitcoin surged rapidly on the evening of August 19, breaking through the $70,000 psychological resistance level from the $68,000 range, touching near $70,250 at its peak. This marks Bitcoin’s return above the $70,000 threshold after nearly two months. ...

The US Treasury has issued a notice warning that any individual or company paying Iran a ’toll’ for passage through the Strait of Hormuz risks violating US sanctions.