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Bitcoin’s $69,000 breakout now hinges on yields after Fed warns more tightening may be needed

By cryptoslate.com · · 1 min read
Bitcoin’s $69,000 breakout now hinges on yields after Fed warns more tightening may be needed

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 cr

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