🚨 DID A U.S. TREASURY MOVE JUST HELP SEND BITCOIN TO A NEW 80-DAY HIGH? 👀
Bitcoin surged 12% to $72,000 in less than 24 hours. And the catalyst may have started outside crypto.
🇺🇸 Treasury announced it will at least double long-term bond buybacks from $2B to $4B per operation starting September 9.
Then:
📉 30Y Treasury yield fell from 5.337% to ~5.18%
📉 DXY dropped 0.71%
💥 Nearly $3B in crypto shorts were liquidated
Lower yields + a weaker dollar can create a powerful tailwind for scarce assets like $BTC and gold.
And the crazy part?
The bigger Treasury buybacks haven't even started yet. 🚀
#BTC #DXY #GOLD #crypto
Bitcoin surged 12% to $72,000 in less than 24 hours. And the catalyst may have started outside crypto.
🇺🇸 Treasury announced it will at least double long-term bond buybacks from $2B to $4B per operation starting September 9.
Then:
📉 30Y Treasury yield fell from 5.337% to ~5.18%
📉 DXY dropped 0.71%
💥 Nearly $3B in crypto shorts were liquidated
Lower yields + a weaker dollar can create a powerful tailwind for scarce assets like $BTC and gold.
And the crazy part?
The bigger Treasury buybacks haven't even started yet. 🚀
#BTC #DXY #GOLD #crypto
