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Bitcoin price hits $69,500 because US just doubled Treasury buybacks to crush long-term yields

By cryptoslate.com · · 1 min read
Bitcoin price hits $69,500 because US just doubled Treasury buybacks to crush long-term yields

Bitcoin and Ethereum surged above $69,500 and $2,000 on Wednesday after the US Treasury doubled planned buybacks of long-dated government debt. On Aug. 19, the Treasury Department said it will raise the maximum size of its liquidity-support

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