Bitcoin Rally Size Disputed: 7% or 0.73% Gain?

Bitcoin News

August 21, 2026

1 min read

Bitcoin News

AMBCrypto and Coin Edition both tie a Bitcoin surge to the U.S. Treasury's bond buyback announcement but report very different price gains.

What all sources agree on

The U.S. Treasury announced it would double its long-term bond buyback program.
Bitcoin traded around or reclaimed the $69,000 level.
A large short squeeze accompanied the move.
The buyback covers 10-year and 30-year Treasuries.

Where the reports disagree

1Magnitude of Bitcoin's price increase tied to the Treasury news

Like gold, BTC rallied +7% and reclaimed $69K on the update.

AMBCrypto 2026-08-20 09:15

BTC trades at $69,808.01 on August 20, up 0.73%, breaking above a descending triangle that capped price since May

Coin Edition 2026-08-20 08:15

2Size of the Treasury's new buyback amount per operation

buybacks would rise from $2 billion to $4 billion

AMBCrypto 2026-08-20 09:15

Treasury will buy back $4 billion of long-term government debt to boost liquidity, double its prior $2 billion pace for bonds maturing in 10 to 30 years

Coin Edition 2026-08-20 08:15

What would settle it: U.S. Treasury's official buyback operation schedule and announcement

What to make of it

Treat the Treasury's decision to double its buyback program and the occurrence of a Bitcoin rally with a short squeeze as established; the exact size of the price move (7% versus 0.73%) is unresolved between these two reports and should not be treated as a settled figure.