Bitcoin surges above $68,000, liquidating $1.4 billion shorts as Treasury buybacks boost risk appetite
5 Articles
5 Articles
Bitcoin News Today: Bitcoin, Ethereum And XRP Surge More Than 6% As US Treasury Bond Buyback Move Stokes Inflation Fears
Bitcoin, Ethereum and XRP jumped over six per cent after the US Treasury doubled its bond buyback capacity, weakening the dollar and lifting gold. The post Bitcoin News Today: Bitcoin, Ethereum And XRP Surge More Than 6% As US Treasury Bond Buyback Move Stokes Inflation Fears appeared first on The Sunday Guardian.
The US Treasury will double the size of its long-term debt buybacks, an announcement immediately welcomed by the markets. Bitcoin reached $69,500, resulting in the liquidation of $1.71 billion of short positions on the crypto market, including nearly $900 million on the BTC. The article $1.71 billion of crypto shorts liquidated after the announcement of the US Treasury debt buybacks appeared first on Cryptoast.
The US Treasury Department announced the matter on Wednesday afternoon Finnish time.
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