BlockBeats News, August 21st. Bitcoin has recently seen a strong rebound and has reclaimed the 200-day moving average for the first time since November 2025. This morning, it briefly surged above $75,000, leading the overall crypto market to recover.

The 200-day moving average is widely used to assess the long-term trend of an asset, and a price reclaiming this indicator is usually seen as a bullish momentum reversal signal. If Bitcoin can sustainably hold above the 200-day MA, it may indicate that the bearish trend of several months is weakening.

This rise occurred after the U.S. Treasury Department announced an expansion of the long-term Treasury repurchase program. Starting from September 9th, the Treasury plans to increase the cap of each long-term Treasury repurchase operation from $20 billion to at least $40 billion, aiming to enhance the liquidity of long-dated Treasuries. This news has driven down long-term Treasury yields and boosted market risk appetite.

Geoff Kendrick, Head of Digital Asset Research at Standard Chartered Bank, previously stated that the expansion of the Treasury repurchase program could further drive Bitcoin's rise and potentially help BTC move towards $100,000 by the end of this year.