Bitcoin Surges Past $73K Amid ETF Demand and Treasury Buybacks
Bitcoin's price has surged past $73,000, driven by a record short squeeze and increased demand for ETFs following the U.S. Treasury's decision to double its buybacks of long-dated government debt. Analysts suggest that maintaining this momentum will depend on continued buying activity and the stability of Treasury yields.
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What's Next for Bitcoin After Historic Rally? Experts Weigh In
Bitcoin's surge above $72,000 wiped out billions in bearish bets, but analysts say fresh buying will be needed to keep the rally going.
Bitcoin’s $73K push may hinge on ETF demand: Analysts
Bitcoin has climbed toward $73,000 after a record short squeeze and falling U.S. Treasury yields powered an 11% rally, but analysts have warned that continued ETF and spot demand will decide whether the breakout holds. Bitcoin’s short squeeze has accelerated…
Bitcoin’s rally pushes past $72,000 as analysts see demand beyond historic short squeeze
Analysts say the move is supported by spot and ETF demand, though BTC will need to hold above $70k to show the rally can outlast the squeeze.
Bitcoin’s $69,000 breakout now hinges on yields after Fed warns more tightening may be needed
Bitcoin ran from around $64,100 to nearly $70,000 within hours on Aug. 19, once the US Treasury unexpectedly doubled its planned buybacks of long-dated government debt. The move pushed bond yields lower and forced roughly $1.4 billion of crypto short positions out of the market in just four hours. Treasury said it would raise the […] The post Bitcoin’s $69,000 breakout now hinges on yields after Fed warns more tightening may be needed appeared first on CryptoSlate .
Bitcoin’s $70K Rip Vaporizes $1.9B as Shorts Get Steamrolled
Bitcoin’s sudden price surge on Wednesday caused over $1.9 billion in total market liquidations within 24 hours, heavily liquidating $1.74 billion in short positions. Bitcoin Rally and Consolidation After falling just short of hitting $70,000 on reports that the U.S. Treasury is doubling bond buybacks to $4 billion, bitcoin appeared to consolidate above $68,200. Despite […]
Bitcoin Blasts Past $68,000 After US Treasury Doubles Debt Buybacks
Bitcoin Magazine Bitcoin Blasts Past $68,000 After US Treasury Doubles Debt Buybacks Bitcoin blew past $68,000 on Wednesday, jumping nearly 3% over a 24-hour period after news dropped that the U.S. Treasury planned to more than double the size of its government debt repurchases.  The price of Bitcoin was recently at $68,473 at 10.30am in New York after briefly touching $68,982. The sharp jump came as yields […] This post Bitcoin Blasts Past $68,000 After US Treasury Doubles Debt Buybacks first appeared on Bitcoin Magazine and is written by Mathew Di Salvo .
Bitcoin price hits $69,500 because US just doubled Treasury buybacks to crush long-term yields
Bitcoin and Ethereum surged above $69,500 and $2,000 on Wednesday after the US Treasury doubled planned buybacks of long-dated government debt. On Aug. 19, the Treasury Department said it will raise the maximum size of its liquidity-support operations for 10- to 20-year and 20- to 30-year securities from $2 billion to at least $4 billion […] The post Bitcoin price hits $69,500 because US just doubled Treasury buybacks to crush long-term yields appeared first on CryptoSlate .