Bitcoin Surges 6%, Approaches $69,000 as Treasury Yields Dro
4 Articles
4 Articles
The bitcoin (BTC) surprises and operates at high altitude on Wednesday night (19), amidst the fall in long interest rates in the United States, the weakening of the dollar and new signs of political support for cryptoactive regulation in the country. Today, President Donald Trump argued that the Congress approves the Clarity Act, a project that seeks to clarify the rules of the sector. At around 1840, the bitcoin was traded at US$ 69,473.95, at …
CryptoSlate
BITRSSBitcoin’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 maximum size of its liquidity-support buybacks for 10-to-20-year and 20-to-30-year securities from $2 billion to at l…
Bitcoin surges 6%, approaches $69,000 as Treasury yields dro
🚨 Bitcoin soared over 6%, nearing $69,000, as ETF demand and falling yields lifted markets. 💹 Over two days, spot Bitcoin ETFs pulled in roughly $487 million in new funds. 🇺🇸 President Trump’s team convened crypto and finance leaders to discuss digital asset rules. &#...
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