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Breaking: Bitcoin Tops $78K As Bessent Eyes $1 Trillion Treasury Cash For Bond Buyback

CoinGape·August 24, 2026·1 min read

Bitcoin broke above $78,000 after markets absorbed plans by the US Treasury to ramp up buying of longer-dated government debt. Treasury Secretary Scott Bessent said he'd like to tap into the government's $1 trillion cash cushion to help the bond-buyback program.

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