US Debt Buyback Boost Sends Bitcoin To Multimonth High Above $69,000
7 Articles
7 Articles
U.S. Treasury Secretary Scott Bescent announced that the scale of Treasury bond buybacks would be doubled to stabilize the U.S. bond market. Following this, the price of Bitcoin surged as bond yields fell and investor sentiment in virtual assets recovered. According to CoinMarketCap, a global virtual asset market data site, the price of Bitcoin was recorded at $69,290.29 as of 8:05 AM on the 20th. This is 7% higher than 24 hours ago.
Bitcoin has grown by more than 7% today, from €55,868 to almost €60,000. This movement follows the US Treasury's announcement to double its long-term government bond buybacks (from $2 billion to at least $4 billion per Maturity transaction on 10-30 [...] The Bitcoin article: a technical rebound carried by the US Treasury appeared first on bitcoin.fr.
Bitcoin Climbs to 11-Week High as US Treasury Expands Debt Buybacks
Bitcoin climbed to its highest level since early June as trading picked up during the Wall Street open and US markets reacted to a government liquidity plan. By the time of writing, BTC was up roughly 6% on the day and trading above $69,700 on Bitstamp, pushing it to about $69,749—its strongest point since June 2, according to TradingView data. The catalyst was a US Treasury announcement that aims to expand the size of certain debt buyback opera…
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