Bitcoin Reclaims $80,000 Despite Fed and Regulatory Headwinds
Bitcoin has recovered to $80,000 as improving risk appetite and short liquidations outweigh high rates, ETF outflows and US regulatory uncertainty.
5 articles
Bitcoin has recovered to $80,000 as improving risk appetite and short liquidations outweigh high rates, ETF outflows and US regulatory uncertainty.
Bitcoin is approaching $80,000 after outperforming stocks and gold over six months, with US Treasury buyback plans helping revive demand for risk assets.
Gold and bitcoin jumped as expanded U.S. Treasury bond buybacks weakened the dollar, linking government debt operations to two popular alternative assets.
Bitcoin reached an 11-week high above $74,000 as Treasury debt buyback plans revived demand, but rising yields leave the rebound facing a key test.
The US Senate advanced landmark crypto legislation before recess, but the measure is not yet law. Here is what investors should watch next.
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