Bitcoin Reclaims $70,000 First Time Since June and Trump Just Hinted at More

Bitcoin (BTC) just reclaimed $70,000 for the first time since June 2. The 78-day wait ended after President Donald Trump said a “sizable” government Bitcoin purchase has “been talked about.” The Fed’s July minutes came and went without damage.

Trump’s remarks gave the rally its second engine of the day.

KEY TAKEAWAYS: Inside today's White House Crypto Meeting 🇺🇸– Trump says the US considers buying "sizable" amounts of $BTC & crypto – Urged Congress to pass the CLARITY Act – Stated the US must remain the "undisputed leader" in digital assets – Regulators are actively working… pic.twitter.com/3C9RIjXeV4— BeInCrypto (@beincrypto) August 19, 2026 How Bitcoin Reclaimed $70,000 After 78 Days The BTC price briefly tested $70,000 today.

Two days ago, it sat below $64,000. In early July, it was near $62,000. The move crushed the other side of the trade. Crypto shorts lost $1.23 billion in a single hour. One whale on Hyperliquid lost an entire 1,800 BTC short worth about $117 million.