New Delhi, Aug. 20 -- Bitcoin surpassed $70,000 for the first time in over two months, propelled by US Treasury Secretary Scott Bessent's successful move to push US bond yields lower and a high-stakes meeting President Donald Trump held with crypto industry leaders.

Bitcoin rose about 4.1% to over $71,900, its highest level since May 31. A token associated with offshore exchange Hyperliquid climbed 23% in 24 hours, according to CoinGecko data, after Trump indicated the US is looking at options for allowing the derivatives platform to operate in the country.

The crypto market rose along with risk assets following US plans to buy back longer-dated treasuries, which initially sent yields tumbling and the dollar to a three-month low.

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