Sentiment: Negative
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Bitcoin’s $69,000 breakout now hinges on yields after Fed warns more tightening may be needed
By Gino Matos at 2026-09-30 22:35
Sentiment: Negative
Bitcoin ran from around $64,100 to nearly $70,000 within hours on Aug. 19, once the US Treasury unexpectedly doubled its planned buybacks of long-dated government debt. The move pushed bond yields lower and forced roughly $1.4 billion of crypto short positions out of the market in just four hours. Treasury said it would raise the […] The post Bitcoin’s $69,000 breakout now hinges on yields after Fed warns more tightening may be needed appeared first on CryptoSlate. Continue reading...
Categories: Analysis
Tags: #Analysis #Featured #Macro #Market
Source CryptoSlate