Bitcoin’s rebound wasn’t happening in isolation.
$BTC jumped toward $69.5K after the U.S. Treasury announced larger buyback operations for long-dated debt, helping ease pressure on Treasury yields.
That shift in financial conditions gave risk assets room to breathe and Bitcoin delivered the volatility.
With BTC now back around the mid-$60Ks, the next move may depend heavily on whether bond-market pressure continues to ease.
$HEMI
$BTC jumped toward $69.5K after the U.S. Treasury announced larger buyback operations for long-dated debt, helping ease pressure on Treasury yields.
That shift in financial conditions gave risk assets room to breathe and Bitcoin delivered the volatility.
With BTC now back around the mid-$60Ks, the next move may depend heavily on whether bond-market pressure continues to ease.
$HEMI