Bitcoin Roars Past $70,000 as Yields Sink, Trump Sparks Optimism
The rally followed lower Treasury yields, $3 billion in short liquidations and renewed optimism after Trump met crypto executives, traders said.
- On Wednesday, Bitcoin touched $70,000 for the first time since June, propelled by Treasury Secretary Scott Bessent's bond buyback operations and a meeting between President Donald Trump and crypto executives.
- The rally marks a shift for a market searching for a bottom since October, when Bitcoin peaked above $126,000 before a sharp selloff that continued through this year.
- Institutional demand surged, with large holders adding roughly $2.75 billion in 60 days and US-listed spot ETFs recording significant inflows from Monday to Wednesday.
- President Trump urged Congress to pass the Digital Asset Market Clarity Act, telling executives the body needs to "take the next step" and pass a fair version of the legislation.
- Separately, the World Health Organization announced Thursday that Congo will receive 70,000 Ervebo vaccine doses to combat an Ebola outbreak that has killed 2,476 people out of 5,208 confirmed cases.
54 Articles
54 Articles
Bitcoin Blasts Past $70,000 as Viral 'Coordinated Manipulation' Claim Puts Exchange BTC Flows Under Scrutiny
Bitcoin has pushed above $70,000 for the first time since early June as traders respond to falling US bond yields, renewed regulatory optimism in Washington and billions of dollars in forced short liquidations, even as a viral claim of 'coordinated manipulation' puts big exchange flows under scrutiny. A post from Wimar.X and several other accounts claimed Coinbase bought 6,139 BTC, Binance 4,061 BTC, an unnamed insider 4,036 BTC, Kraken 3,329 BT…
Bitcoin's price is booming. For the first time since June, the cryptocurrency has moved closer to the $70,000 threshold. This increase would be explained by a decision taken in Washington!
(San Francisco = Yonhap News) Correspondent Kwon Young-jeon = Bitcoin, the number one cryptocurrency by market capitalization, [is [facing] the U.S. Treasury bond buyback and the passage of U.S. President Donald Trump's deregulation bill ...
Bitcoin is worth more than $70,000 (nearly €60,000) for the first time in over two months. The price rise follows steps by US Treasury Secretary Scott Bessent to lower US bond yields. Traders also reacted to a meeting between President Donald Trump and top figures in the crypto sector.
Bitcoin is worth more than $70,000 for the first time in over two months. The price rise follows steps by US Treasury Secretary Scott Bessent to lower US bond yields. Traders also reacted to a meeting between President Donald Trump and executives from the crypto sector.
The crypto central currency Bitcoin has experienced a spectacular outburst after a summer's thirsty run. Price has been rising above the threshold of $70,000 for the first time since the beginning of June, marking a peak of around $72,000 (60,319 euros). Since last Friday, the most important cyber-devisibility has seen an increase of more than eleven percent. Experts are leading this sudden boom mainly due to a combination of monetary policy sig…
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