Bitcoin Roars Past $70,000 as Yields Sink, Trump Sparks Optimism
More than $3 billion in short positions were liquidated as Treasury buybacks lowered yields and Trump pressed Congress to advance crypto rules.
- On Wednesday, Bitcoin surpassed $70,000 for the first time since June, driven by Treasury liquidity expansion and renewed optimism over U.S. cryptocurrency regulation.
- Treasury Secretary Scott Bessent doubled long-term bond buybacks to $4 billion, while President Donald Trump met with crypto executives at the White House to urge passage of the Digital Asset Market Clarity Act.
- Forced short liquidations exceeding $3 billion in 24 hours accelerated the rally as traders covering bearish bets broke Bitcoin past a six-week resistance level.
- Spot Bitcoin ETFs recorded $517 million in inflows on Wednesday, while the Senate is expected to vote on the Digital Asset Market Clarity Act on September 15.
- Despite the surge, Bitcoin remains far below its October 2025 record above $126,000, and analysts caution the asset must sustain current momentum to confirm a lasting recovery.
72 Articles
72 Articles
Bitcoin Surges Above $75,000 As Crypto Market Rebounds
Bitcoin is heading toward a roughly 20% weekly gain after a series of developments revived investor confidence in the cryptocurrency market. Bitcoin climbed from about $62,837 at the start of the week to $75,343 on Friday. Crypto-related stocks also advanced, with Coinbase, Circle and Strategy posting strong gains, while a Bitcoin-focused ETF rose in premarket trading.💡The rally accelerated after Treasury yields declined following a major inter…
Bitcoin Breaches $75,000 For The First Time Since May Amid Crypto Surge
Topline The price of Bitcoin soared past $75,000 late on Thursday, leading a surge in the prices of major cryptocurrencies that began on Wednesday after the Treasury intervened in the bond markets and President Donald Trump hosted crypto leaders at the White House and called on Congress to pass the industry-backed digital assets legislation known as the CLARITY Act. Key Facts The price of Bitcoin—the world’s most valuable cryptocurrency by mark…
The Real Story Behind Bitcoin's Sudden Rally
A US Treasury debt buyback decision lowered long-term yields, sparking a cross-asset rally across gold, equities, and Bitcoin. Coupled with a historic $1.1 billion short squeeze, the surge reflects macro liquidity moves rather than crypto-native triggers, making ETF inflows crucial for long-term sustainability.
Bitcoin Bears Get Short-Squeezed by Rebounding Crypto Optimism
About $700 million in bitcoin short positions were liquidated this week in less time than it takes to heat up a $20 burrito (about one minute). Bitcoin climbed above $72,000 Thursday, a day after the Treasury moved to double long-duration bond buybacks and, separately, President Trump put pressure on lawmakers to pass crypto’s long-awaited Clarity Act. Bitcoin breaking out of the $62,000-to-$66,000 cage it’s been in for the past six weeks cause…
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