Bitcoin's price rally toward $80,000 is linked to volatility in the US Treasury bond market, according to Gordon Grant, head of derivatives at Bitwise. The Treasury's move to double long-end debt buybacks signaled efforts to stabilize a strained bond market where 30-year yields hit a 19-year high. This instability has driven investors toward Bitcoin, which rebounded strongly after a significant drop from its October peak. While some see the Treasury's intervention as helpful, others believe it may have unsettled markets further. The ongoing volatility in bonds is fueling fresh interest and inflows into Bitcoin and crypto assets.
Bitcoin surged 26% from its mid-August low, driven by forced short position liquidations worth $1.4 billion and strong inflows of $2.23 billion into Bitcoin ETFs. This rally is supported by broad accumulation in long-term institutional wallets, signa...
Bitcoin surged past the $80,000 mark after overcoming a key resistance at $79,000, pushing its market cap to $1.61 trillion and setting up for a 20% gain in August. This rally coincides with the U.S. Treasury's plan to auction $92 billion in short-te...
Cryptocurrency markets display mixed performance with Bitcoin trading above $80,000, up 2.58%, and Ethereum rising 2.36%. Solana leads with a significant 10.99% increase, while VeChain (VET) surges 24.12%, reflecting strong investor interest. Other n...
Between June 3 and August 27, Ethereum exchange balances fell nearly 18%, with 1.4 million ETH withdrawn from exchanges even as the price rose about 27% since mid-August. In contrast, Bitcoin exchange balances slightly increased by 0.25% during the s...
Ethereum holders have withdrawn 1.4 million ETH from exchanges during a 27% price rally, reducing exchange reserves by 18% since June. This unusual trend shows investors moving ETH to staking rather than selling, as the price reached $2,528. Unlike B...
