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Bitcoin price rockets 22% to $79K as Treasury buyback sparks short squeeze

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As of August 24, 2026, Bitcoin trades around $79,140, just below the psychological $80,000 mark after a roughly 22% weekly surge. The Bitcoin price now sits stretched against a daily structure that is objectively overheated, with momentum-d…

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Bitcoin price rockets 22% to $79K as Treasury buyback sparks short squeeze
Cryptonomist 1h ago

Bitcoin price rockets 22% to $79K as Treasury buyback sparks short squeeze

As of August 24, 2026, Bitcoin trades around $79,140, just below the psychological $80,000 mark after a roughly 22% weekly surge. The Bitcoin price now sits stretched against a daily structure that is objectively overheated, with momentum-d…