Bitcoin price breaks through $71,000, with a 24-hour increase of 11%
2026-08-20 19:53:08
According to CoinMeta, based on Crypto.News data, Bitcoin's price broke through $71,000 on August 20, with a gain of 11.4%. This increase was fueled by the U.S. Treasury Department's announcement to at least double the maximum scale of liquidity-backed repurchases, ETF renewed demand, and forced liquidations. The trading volume of Bitcoin in the past 24 hours was approximately $60.46 billion, with prices ranging between $64,000 and $71,000. Analysts noted that the net inflow on ETF reached $517 million on August 19, the largest single-day inflow since May.
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Source:Cryptonews
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