Bitcoin
Bitcoin price rockets 22% to $79K as Treasury buyback sparks short squeeze
The Cryptonomist·August 24, 2026·1 min read
Bitcoin surged 22% to around $79,140 as of August 24, 2026, just below the $80,000 mark, after a Treasury buyback sparked a short squeeze. However, the price now appears overheated against daily structure, with momentum-driven risk appetite colliding with exhaustion signals, suggesting potential volatility ahead.
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