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US Treasury's $6B bond buyback fails to boost Bitcoin, which falls below $80K again

Market News
29 Oct 2026, 05:37 WIB
BeInCrypto
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Neutral
US Treasury's $6B bond buyback fails to boost Bitcoin, which falls below $80K again

The US Treasury completed its $6 billion buyback of 20- to 30-year bonds, a routine operation aimed at improving liquidity. Unlike a surprise buyback in August that triggered a Bitcoin rally, this scheduled buyback did not lift Bitcoin prices, which fell below $80,000. The lack of impact is attributed to the operation being expected and sized to avoid shifting yields. Market watchers see these buybacks as routine financial plumbing rather than signals for risk asset moves, with yields remaining high and Bitcoin slipping despite the buyback.

The US Treasury's $6 billion bond buyback is the subject, providing context for market conditions. For readers following cryptocurrency markets, here is Pluang's snapshot as of Oct 29, 2026 09:21 WIB: out of 50 major cryptocurrencies, 9 rose and 40 fell today. Notable movers include KSM at Rp66.070 with a 5.06% decline and 87% sell order activity, ONE at Rp22 down 4.95% with 71% sell orders, and COTI at Rp183 down 4.67% with 39% sell orders.

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