US Debt Buyback Boost Sends Bitcoin To Multimonth High Above $69,000
9 Articles
9 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 Hits 11-Week High as US Treasury Doubles Debt Buyback Programme - CryptoGazette
Bitcoin reached an 11-week high after the US Treasury doubled its debt buyback programme, in a macro-driven rally for crypto and wider risk assets. The post Bitcoin Hits 11-Week High as US Treasury Doubles Debt Buyback Programme appeared first on CryptoGazette.
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