Bitcoin surged about 25% this week, reaching nearly $80,000 following the US Treasury's expansion of its long-term bond buyback program from $2 billion to $4 billion per operation. This move helped lower 30-year Treasury yields, easing pressure on markets and triggering forced liquidation of around $4 billion in short cryptocurrency positions. The rally was also supported by $1.6 billion inflows into US spot Bitcoin ETFs, with total ETF assets surpassing $85 billion. Analysts view this as a potential end to the bear market if Bitcoin sustains above the $78,000-$80,000 resistance zone, despite Treasury yields still near 5%.
Standard Chartered has revised its Bitcoin price target for the end of 2026, suggesting that the previous estimate of $100,000 may be too conservative. Bitcoin's recent surge to $76,844, driven by ETF inflows and short liquidations, has raised expect...
Cryptocurrency markets are experiencing mixed gains, with Bitcoin rising 6.6% to $78,277 and Ethereum up 5% to $2,489. Several altcoins show significant increases, including Bitcoin Cash (BCH) up 30.4%, Zcash (ZEC) up 24.1%, and AAVE up 19.9%. These ...
Cryptocurrency markets experienced notable gains with Bitcoin rising 6.4% to $77,338 and Ethereum up 4.2% to $2,427. Several altcoins showed significant increases, including BCH up 28.3%, ZEC up 21.2%, and PEPE surging 22.4%. These movements indicate...
Billionaire investor Ray Dalio supports Bitcoin and gold as hedges against the growing U.S. national debt, which has exceeded $40 trillion. He advises diversifying portfolios across strong financial countries and reducing exposure to debt assets like...
Dogecoin price has risen about 5% to around $0.083 as Bitcoin nears the key $80,000 level, signaling potential for DOGE to reach $0.10. Bitcoin's recent surge of over 20% in a week has driven significant short position liquidations and increased inst...
