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Bitcoin News / Bitcoin.com - 2 days ago

Bitcoin Rips Toward $70K as $1.3B Short Squeeze Erupts

Bitcoin raced to $69,749 on Aug. 19 as falling Treasury yields and a cascade of forced short liquidations turned weeks of quiet trading into a sudden run toward $70,000. The move unfolded rapidly during late morning U.S. trading. Bitcoin had spent we...

Cryptocoins News / The Cointelegraph ​ - 2 days ago

Bitcoin price hits 11-week high as US Treasury doubles debt buyback size

Bitcoin joined US stocks in a broad rally after the US Treasury announced that it was at least doubling the amount of its debt buyback operations from September. Bitcoin (BTC) saw its highest levels since the start of June after Wednesday’s Wall Stre...

Bitcoin News / Bitcoin.com - 2 days ago

Treasury Doubles Long-End Buybacks as Bitcoin and US Stocks Advance

The U.S. Treasury will at least double the maximum size of its buybacks for older long-term bonds to $4 billion per operation, a move that helped push yields lower and supported U.S. stocks, bitcoin and gold on Wednesday morning. The larger limit app...