Treasury Bond Buyback Triggers Bitcoin Price Surge and Bearish Bet Liquidation

A surprise bond buyback by the Treasury led to a market squeeze, liquidating over $4 billion in bearish crypto bets and pushing Bitcoin's price past $77,000.

23 Aug, 14:07 — 23 Aug, 14:07

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fortune3d ago

Traders bet bitcoin was stuck below $67,000. The Treasury blew that trade up in one afternoon

A surprise bond buyback triggered a squeeze that liquidated over $4 billion in bearish crypto bets and sent bitcoin past $77,000.

By Michelle Chapman, The Associated Press

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Treasury Bond Buyback Triggers Bitcoin Price Surge and Bearish Bet Liquidation

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Traders bet bitcoin was stuck below $67,000. The Treasury blew that trade up in one afternoon

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