BTC jumps as Treasury plans to at least double bond purchases in September

Bitcoin began a short-term surge after the U.S. Treasury announced it would at least double its bond purchases starting in September, Cointelegraph reported. The outlet said BTC hit its highest price since June 2 after the U.S. stock market opened on Aug. 19, as markets reacted to a U.S. government liquidity measure. At its intraday peak today, BTC was up more than 6%. Meanwhile, the yield on 30-year U.S. Treasuries fell in the short term as the Treasury expanded its bond-buying plan.