$BTC briefly climbed toward $69,500, marking a sharp rebound from around $64,100.
This came as U.S. Treasury plans to increase buybacks of long-dated government debt helped push Treasury yields lower, easing some pressure on risk assets.
More than $1.2 billion in crypto positions were liquidated within an hour as traders positioned for further declines were caught by the sudden rally.
The $69,500 level puts Bitcoin back near a key psychological zone after trading around $64,000 earlier in the week.
The broader market is now watching whether BTC can hold the gains as liquidity and bond-market conditions remain important drivers of price action.
Current market data later placed Bitcoin around $64,350, showing how quickly volatility can move the asset away from intraday highs.
#What is your Bitcoin Price Prediction?# #BTC Price Analysis#
This came as U.S. Treasury plans to increase buybacks of long-dated government debt helped push Treasury yields lower, easing some pressure on risk assets.
More than $1.2 billion in crypto positions were liquidated within an hour as traders positioned for further declines were caught by the sudden rally.
The $69,500 level puts Bitcoin back near a key psychological zone after trading around $64,000 earlier in the week.
The broader market is now watching whether BTC can hold the gains as liquidity and bond-market conditions remain important drivers of price action.
Current market data later placed Bitcoin around $64,350, showing how quickly volatility can move the asset away from intraday highs.
#What is your Bitcoin Price Prediction?# #BTC Price Analysis#