Bitcoin Rewarded 1 of 2 US Interventions. Bessent Just Promised More

NewsThu, 20 Aug 2026 15:39:17 UTC2 hours ago

Bitcoin (BTC) has traded through two US market interventions in under three weeks. It moved the opposite way each time. Support for the yen pushed it down. An attack on long yields lifted it 8.8%.

Treasury Secretary Scott Bessent went further on Thursday. He said buybacks could exceed $4 billion per issue and would become routine, while denying that rates drove the decision.

🇺🇸 US TREASURY SECRETARY SCOTT BESSENT JUST NOW:

1. The Treasury will do buybacks routinely.

2. Buybacks could be more than $4 billion, and part of this is about sending a signal to the market.

3. He will probably announce a bigger push to cut the deficit.

4. There is nothing…
- Bull Theory (@BullTheoryio) August 20, 2026

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Two Interventions, Two Opposite Bitcoin Reactions

The pattern is narrower than it looks. Bitcoin does not reward intervention itself. It rewards the intervention that lowers long-dated US borrowing costs.

The first landed at the start of August. Japan bought its own currency with an estimated $53 billion. The New York Fed then bought yen for the Treasury on August 1.

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Bitcoin Rewarded 1 of 2 US Interventions. Bessent Just Promised More

Two Interventions, Two Opposite Bitcoin Reactions

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