Bitcoin surged past $75,000 this week following the U.S. Treasury's surprise plan to double long-term bond buybacks to $4 billion.
By repurchasing debt, this operation pushed bond yields down and made risk assets like BTC more attractive.
What exactly is a Treasury buyback, and how does a traditional government bond operation ripple into the cryptocurrency ecosystem? Breakdown here.
By repurchasing debt, this operation pushed bond yields down and made risk assets like BTC more attractive.
What exactly is a Treasury buyback, and how does a traditional government bond operation ripple into the cryptocurrency ecosystem? Breakdown here.