Why Does Bitcoin Keep Gaining?
Bitcoin climbed 6.5% on Aug. 20, 2026, while stocks slipped -- a split that's coming from the bond market.
Overview
Bitcoin (CRYPTO: BTC) is up again today, gaining 6.5% in the last 24 hours as of 2:41 p.m. ET on Aug. 20, 2026, after President Trump hosted a crypto summit, and traders reacted to the White House's bond market moves.
The S&P 500 and Nasdaq Composite were down 0.7% and 1%, respectively, on Thursday
Details
After U.S. 30-year Treasuries reached near 20-year highs, Treasury Secretary Scott Bessent said on Wednesday that his department would move to steady the market by more than doubling the repurchasing of government debt.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.