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CoinDesk

How a Treasury buyback tweak helped bitcoin surge 25% to nearly $80,000 in days

Treasury buybacks are not QE, analysts said, but the move helped pull long-term yields off 19-year highs and triggered a record short squeeze in a market already leaning too bearish.

Photo: CoinDesk

Treasury buybacks are not QE, analysts said, but the move helped pull long-term yields off 19-year highs and triggered a record short squeeze in a market already leaning too bearish.

Originally published by CoinDesk. Read the full story at the source →

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