Bitcoin surges past $76K as buyers pile in: is real demand taking over now?
4 Articles
4 Articles
The Bitcoin has continued its recent high flight and increased to over US$76,000 (EUR65.062.92) on Friday, after only the day before the $70,000 threshold was exceeded. After a month-long sideward movement, the crypto central currency after US liquidity injections as well as a massive close-down wave on the future markets rose sharply and marked a multi-month high. As a key driver of the market, the US Treasury announced that it would double the…
Bitcoin Price Nears $79K as Treasury Move Lifts Crypto Demand
TLDR: Bitcoin price rose 7.89% to $78,589.05, with a 90% gold correlation supporting the view that both assets followed the same macro trade. US spot Bitcoin ETFs drew $606.29 million on August 20, lifting four-day inflows to $1.61 billion and giving the breakout institutional support. Roughly $709 million in BTC shorts were liquidated over 24 hours, turning forced purchases into fuel after Bitcoin cleared the $75,000 barrier. The 75,000–76,000…
Bitcoin surges past $76K as buyers pile in: is real demand taking over now?
Bitcoin surged above $76,000 on Friday, extending a powerful rebound as signs of returning institutional and spot demand began to replace the short squeeze that initially drove prices higher. Bitcoin traded around $76,478 during the European morning, building on a rally that accelerated after the US Treasury expanded long-dated bond buybacks and Washington delivered fresh crypto-friendly policy signals. The first leg was heavily mechanical. Abou…
Bitcoin Surges Past $76,000 as Crypto Market Extends Its Rally
Summary: Bitcoin extended its breakout above $76,000 while the broader crypto market continued to gain. Ethereum, XRP, Solana and several […] The post Bitcoin Surges Past $76,000 as Crypto Market Extends Its Rally appeared first on CoinsPress.
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