{
  "id": 2165346,
  "title": "Crypto shares climb after Treasury's doubled buybacks boost risk assets",
  "url": "https://urgent.news/2026/08/20/crypto-shares-climb-after-treasurys-doubled-buybacks-boost-risk-assets",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-20T11:08:46.000Z",
  "source": {
    "name": "CNA - Business",
    "slug": "cna-business",
    "url": "https://www.channelnewsasia.com/business/crypto-shares-climb-after-treasurys-doubled-buybacks-boost-risk-assets-6331026"
  },
  "original_language": "en",
  "account": "Shares in cryptocurrency companies climbed on Thursday, following the U.S. Treasury Department's announcement of doubled buybacks for long-duration bonds. The decision came after a significant bond selloff drove the 30-year Treasury yield to its highest level since 2007. Higher yields typically pose a downside risk for risk assets, such as cryptocurrencies, due to enhanced returns on safer investments. Although the Treasury's intervention was modest and offered only temporary relief, it prompted a positive sentiment for crypto. Analysts attributed the rally to a surge in short-covering, triggered by weeks of narrow trading. Bitcoin was up 3.48% at $71,505, reaching a level not seen since June. The largest cryptocurrency has lost around 18% this year and remains down about 43% from its October record high. Investors may have been further encouraged by President Donald Trump's calls for Congress to pass legislation establishing clear rules for digital assets, a key priority for the industry. Trump urged lawmakers at a White House event with crypto executives to pass the Clarity Act, currently stalled in the Senate.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Euronews",
        "title": "US debt tops $40 trillion as Treasury doubles bond buybacks to calm markets",
        "url": "https://urgent.news/2026/08/20/us-debt-tops-40-trillion-as-treasury-doubles-bond-buybacks-to-calm",
        "published": "2026-08-20T09:18:32.000Z"
      },
      {
        "outlet": "Yahoo Finance",
        "title": "Treasury's upsized buybacks may complicate Fed's monetary policy work",
        "url": "https://urgent.news/2026/08/20/treasurys-upsized-buybacks-may-complicate-feds-monetary-policy-work",
        "published": "2026-08-20T17:05:24.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}