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Bitcoin Hits $80K on Treasury Twist Liquidity Hopes Before Pullback

Beincrypto Read original source (opens in a new tab)
The Story

News Summary

  • Bitcoin briefly reached $80,000 following expectations of US Treasury bond buybacks funded by Treasury General Account reserves.
  • However, BTC quickly pulled back below $79,000 as market participants questioned the sustainability and inflationary risks of the proposed 'Treasury Twist' liquidity injection.
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BTCUSD price history

76910.00 +14.80% over the displayed period

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