---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000862369.md"
description: "Bitcoin nears $70,000 and gold hits a two-month high of ~$4,480/oz, both driven by dollar weakness following the Treasury's repo announcement.Will Bitcoin's rebound provide an opportunity for the crypto market?As a safe-haven asset, gold should play a stabilizing role."
datetime: "2026-08-20T06:33:04.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000862369.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000862369.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000862369.md)
author: "[Tiffany lover](https://longbridge.com/en/profiles/21320188.md)"
generator: "portal-rs"
---

# Bitcoin nears $70,000 and gold hits a two-month hi…


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## Comments (1)

- **Show_down · 2026-08-20T08:05:05.000Z**: the speed came from liquidations, over 1.2b of shorts wiped inside an hour. dollar weakness set it up but that is what made it look violent.


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**