Bitcoin surges to 11-week high as US bond market moves raise liquidity

Bitcoin's price surged sharply, surpassing $74,000 and reaching an 11-week high. Bitcoin has risen nearly 18% in the past five trading sessions. Demand for Bitcoin in the spot and perpetual futures markets has turned positive for the first time since October 2025. The US Treasury's bond buyback program and rising expectations regarding crypto regulation have also supported Bitcoin.

Kolkata: Bitcoin prices are witnessing a sprightly rally. The world’s largest cryptocurrency surpassed the $70,000 mark on Thursday, reaching an 11-week high above that level. This also marks an improvement in Bitcoin demand. According to Ki Young Ju, founder of CryptoQuant, Bitcoin demand in both the spot and perpetual futures markets has turned positive for the first time since October 2025. Bitcoin has gained nearly 18% in the last five trading sessions, indicating renewed investor confidence in cryptocurrency.

Contours of the Bitcoin rally

On August 21, 2026, Bitcoin’s price was recorded at $74,644. It has gained........

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