Bitcoin’s $69,000 breakout now hinges on yields after Fed warns more tightening may be needed
Bitcoin ran from around $64,100 to nearly $70,000 within hours on Aug. 19, once the US Treasury unexpectedly doubled its planned buybacks of long-dated government debt. The move pushed bond yields lower and forced roughly $1.4 billion of crypto short positions out of the market in just four hours. Treasury said it…
Coins in this story
Discussion
Related stories
Down 50% on crypto and burning $8 million in cash, this Nasdaq firm just pivoted to event robots to survive
Its holdings were valued at $5.21 million on June 30, while order economics and sale timing remain undisclosed. The post Down 50% on crypto and burning $8 million in cash, this Nasdaq firm just pivoted to event robots to survive appeared first on CryptoSlate.
Bitcoin.com integrates UAE-registered US dollar stablecoin into self-custodial wallet
The integration expands access to USDU, the UAE’s first central bank-registered US dollar stablecoin, as it builds distribution beyond institutional channels.
Bitcoin hits $69,000, ether jumps 10% as Treasury buybacks, SEC crypto proposal fuel market rally
The move triggered nearly $2 billion in crypto liquidations and lifted crypto-linked stocks, with Strategy and Bitmine gaining around 10%.