CryptoCointelegraphabout 2 hours ago
Bitcoin hits 11-week high on Treasury buyback boost
1 min read
Bitcoin rose 6% to $69,700 on Bitstamp, its highest since June 2, after the US Treasury doubled debt buyback operations to $4 billion starting Sept. 9. The 30-year yield fell to 5.19%. Stablecoin supplies on exchanges dropped $14 billion since May, limiting upside.
Level
Hype check
Tap to vote and see what everyone thinks.
Summary by ByteBrief
