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Home»Finance»Cryptos continue rally sparked by Treasury repurchase announcement
Finance

Cryptos continue rally sparked by Treasury repurchase announcement

August 22, 2026No Comments3 Mins Read
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'Green' July off to a solid start
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Bitcoin (BTC-USD) opened at $73,013 on Friday, August 21, 2026, 5.4% higher than Thursday’s opening price. As of 9:08 a.m. ET this morning, the price of bitcoin moved up to $77,307.95.

Ethereum (ETH-USD) opened at $2,326.60 on Friday, August 21, 2026, up 3.3% from Thursday’s opening price. The price of ethereum moved higher this morning to $2,390.81 as of 9:08 a.m. ET.

Bitcoin and ethereum prices continued to rise Friday morning. The Treasury announcement to buy back more long-term debt and President Trump’s recent call to pass crypto legislation sparked the rally. U.S. Treasury debt repurchases inject liquidity into financial markets and suppress long-term bond yields. Lower yields free up investor cash and prompt greater appetite for risk — which benefits cryptocurrencies and other volatile assets.

Current price of bitcoin and ethereum

Bitcoin 

The price of bitcoin this morning was 5.4% higher than Thursday’s opening price. Here’s a look at how the opening bitcoin price has changed versus last week, month, and year:

  • One week ago: +15.2%

  • One month ago: +11.9%

  • One year ago: -36.1%

The all-time high for bitcoin was $126,198.07 on Oct. 6, 2025. The all-time low value for bitcoin was $0.04865 on July 14, 2010. 

Ethereum

The price of ethereum this morning was 3.3% higher than Thursday’s open. Here’s a look at how the opening ethereum price has changed versus last week, month, and year:

  • One week ago: +23.5%

  • One month ago: +22.2%

  • One year ago: -46.3%

The all-time high for ethereum was $4,953.73 on Aug. 24, 2025. The all-time low value for ethereum was $0.4209 on Oct. 21, 2015. 

Bitcoin, ethereum, and other cryptocurrencies are rapidly evolving. Follow the latest developments from Yahoo Finance and others here.

See also  Erdogan Prepares 'Rally of the Century' as Challenger Makes Gains

Can you buy your next house with crypto? 

So, you put a little mad money into bitcoin a few years ago. Now, your crypto-fueled profit means you have a sweet nest egg to put toward a house.

But can you buy a house with crypto rather than using cash or a traditional mortgage loan? What are the roadblocks? And what about taxes?

President Trump wants the United States to be “the crypto capital of the world.” In that spirit, in late June, Director of the Federal Housing Finance Agency (FHFA) William J. Pulte ordered Fannie Mae and Freddie Mac to “prepare their businesses to count cryptocurrency as an asset for a mortgage.”

The FHFA supervises Fannie Mae and Freddie Mac, the government-sponsored companies that fund a major portion of the mortgage industry.

Pulte said the housing system “needs a massive upgrade,” adding, “I want people who own cryptocurrency to be able to buy homes like everyone else. I believe cryptocurrency is an asset. I believe Americans should be able to use their crypto if they want to. It’s time the housing system caught up.”

This signals what could be a fundamental change to how cryptocurrency may be used to qualify for a mortgage.

Learn more: Want to buy a house with crypto? Here’s what to expect. 

Bitcoin and ethereum price charts

Whether you’re brand new to tracking the value of bitcoin and ethereum or a more seasoned crypto investor, Yahoo Finance’s price-of-bitcoin chart and price-of-ethereum chart below show a visual history of how the currencies’ value continues to move and evolve.

See also  Dow Jones Futures: Market Rally Had Great Week, But Here's What To Do Now; Tesla Earnings Due

More information on crypto from the Yahoo Finance team: 

Announcement Continue Cryptos Rally Repurchase sparked Treasury
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