Bitcoin price surge: US Treasury's buy back move eased a bond-market selloff that had pushed 30-year yields to 2007 highs, and lower yields tend to support risk assets like cryptocurrency
Bitcoin price surge, crypto stocks rally: Following US Secretary Scott Bessant's announcement to double the size of its long-dated bond buybacks, Bitcoin prices skyrocketed last week, registering the biggest weekly rally in three years. The original cryptocurrency surged up to 23% last week and came close to the psychological $80,000 level, last seen in May 2026. Currently, the Bitcoin price is oscillating around $75,000, showing a weekly gain of over 21%.
Bitcoin price: Rally reason
Highlighting the reason for the Bitcoin price surge, Rachael Lucas, an analyst at BTC Markets, told Bloomberg, "The real driver was the US Treasury doubling long-dated bond buybacks, which pulled long yields lower and lifted risk appetite broadly. Nothing has rewritten Bitcoin’s long-term case, but nothing’s rewritten its volatility either.”
“Treasury move eased a bond-market selloff that had pushed 30-year yields to 2007 highs, and lower yields tend to support risk assets like Bitcoin because they reduce the appeal of safe cash-like returns. Treasury intervention signalled liquidity support, which crypto traders read as a green light for scarce, global assets,” said Seema Srivastava, Senior Research Analyst at SMC Global Securities.
Climbing in tandem: Upward movement in Bitcoin and crypto stocks
This rally in the Bitcoin price led to a rise in Bitcoin and crypto mining stocks in the US market.
-Robinhood Markets' stock price finished around 14% higher
- Coinbase Global's stock rallied over 8%
-Ross Stores' shares ended around 4.50% higher
-Strategy Inc.'s stock skyrocketed over 6%
Other crypto miner stocks, such as MARA Holdings, Riot Platforms, CleanSpark, and Hut 8 Corp, also saw buying in the early morning session on Friday but failed to sustain gains and finished in negative territory.
What's actually behind the fueling of cryptominer stocks?
On reason for the rally in the cryptominer stocks, Seema Srivastava of SMC Global Securities said, “The stocks benefit from higher Bitcoin prices, revived trading volumes, and ETF custody fees, while Strategy’s $2.5 billion BTC purchase this week reinforced its treasury narrative.”
The SMC Global Securities expert said that the Bitcoin price rally was amplified by a massive short squeeze. Leveraged shorts betting against Bitcoin were forced to buy back as the price spiked, triggering over $1 billion in liquidations in 60 minutes and $3 billion of bear losses. ETF flows added fuel: spot Bitcoin ETFs saw $458 million of inflows in a single day, with BlackRock’s IBIT leading, and total inflows hit $500 million.
Seema Srivastava added that the surge in Bitcoin prices and crypto miner stocks is a mix of macro liquidity from Treasury buybacks, forced short covering, renewed ETF demand, and Washington’s regulatory push. For now, Bitcoin and crypto equities are climbing in tandem as liquidity, leverage, and legislation align.
Ray Dalio factor also contributed to the surge?
In a LinkedIn post on Friday, Bridgewater Associates founder Ray Dalio said investors should diversify across assets and countries with strong finances. Underweighting bonds and holding about 10% to 15% of a portfolio in gold and “a bit” of Bitcoin could both reduce risk and boost returns, he said.
Disclaimer: This story is for educational and informational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified financial experts before making any investment decisions.
About the Author
Asit Manohar
Asit Manohar has nearly two decades of experience in the mainstream media. In this period, he has served esteemed media organisations like NDTV Profit, The Economic Times, and Zee Business. He has been working at LiveMint Digital since April 2021. During these two decades of journey in mainstream media, Asit has mainly covered external affairs, markets and personal finance. However, his earliest beats include railways, SME, MSME, and politics (Congress beat). Some of his features on political, economic, and foreign policy are documented in the parliamentary records. <br><br> While pursuing his MA (Mass Communication, Session 2004-06), Asit began his media career as a stringer at All India Radio in Varanasi. At AIR Varanasi, Asit worked with the Gyanvani, Yuvvani and Vividh Bharti teams. After working for nearly one year at AIR Varanasi, he shifted to print journalism and started working as a stringer for the HT Media Ltd, Varanasi. At HT Media Ltd in Varanasi, he covered the BHU beat. <br><br> Asit has also worked with some brokerage houses. He has worked with Religare Broking and India Infoline, where he assisted the research team in developing and executing trade strategies for intraday cash, F&O, and commodities. <br><br> Asit is a Gold Medalist in MA (Mass Communication) from BHU, Varanasi. He did his BSc. (Hons) in Mathematics from Magadh University, Bodh Gaya. Asit was a National Talent Scholarship holder during his senior secondary studies (1988-91).
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