Bitcoin is back in favour after the US said it will step up its bond repurchases in a bid to bring long-term yields lower. Read more at straitstimes.com. Read more at straitstimes.com.

Bitcoin is up about 23% this week, on track for its best weekly gain since March 2023, as US Treasury bond buybacks lower yields and boost appetite for risk assets.

A surprise bond buyback triggered a squeeze that liquidated over $4 billion in bearish crypto bets and sent bitcoin past $77,000.

Bitcoin's price surged further on Monday, flirting with $80,000 after U.S. exchange-traded funds had their best week since October.

Bitcoin climbed above $80,000 for the first time since mid-May, extending a 23% weekly rally, its biggest in about three years. The surge reflects renewed optimism around crypto…

Bitcoin reaches $81,257, marking a three-month high as optimism returns amid renewed interest in the debasement trade.

Improving liquidity expectations and a lower regulatory risk premium are supporting the cryptocurrency