President Donald Trump said on Aug. 20 that the US is considering accumulating sizable amounts of Bitcoin and other cryptocurrencies. Current law gives his administration several ways to increase federal crypto holdings, though no public authority gives Treasury a funded program for multibillion-dollar open-market purchases. For Bitcoin, Trump’s 2025 executive order already directs Treasury and
The broader cryptocurrency market is regaining momentum as improving liquidity conditions fuel expectations of another bullish leg. Bitcoin has broken past the psychologically important $70,000 mark after rallying 7% on Wednesday and it is now trading above $71,000. The rally followed the US Treasury Department’s decision to expand buyback operations for longer-dated government securities in
Bitcoin [$BTC] led the broader crypto market as its rebound strengthened the case for a July bottom. $BTC gained by double digits, pushing its Market Cap above $1.40 trillion. Institutions, whales, and retail traders bought, while forced short closures amplified the rally. As a result, Bitcoin escaped its sideways range and reached $69.84K, preserving short-term
U.S Treasury’s planned bond market intervention seems to have reignited the debasement trade as Bitcoin flipped bullish. Notably, the crypto asset reclaimed the 200-day Moving Average (a crucial long-term market structure test) for the first time since dropping below $100K last November. Source: $BTC/USDT, TradingView Back in Q2, $BTC’s rally and attempt to reclaim the
Bitcoin is showing some of the strongest capitulation signals of the current downturn, suggesting the selloff may be entering a later stage even as the market offers little evidence of an imminent rebound. Eight of the 12 indicators tracked by VanEck are currently flashing capitulation, while all 12 reached extreme levels at some point during
Bitcoin jumped above $69,000, returning to levels last seen around its 2021 peak, as a sharp price move forced billions of dollars in short positions out of the market. More than $2.74 billion in short positions were liquidated in 24 hours, making it the eighth- argest liquidation event in crypto history. Bitcoin Rally Triggers $2.74B
A strong rally began in the cryptocurrency market last night and continues today. Bitcoin has gained approximately 1.91% in the last 24 hours, surpassing the $72,000 level, and altcoins have followed suit. Ethereum, the largest altcoin, experienced a surge of approximately 20%, while other major altcoins like Solana and XRP also saw double-digit gains. According
Bitcoin $BTC$71,936.32 approached $72,000 during the European morning on Thursday, an increase of more than 3.5% over the past 24 hours and 15% higher since Monday. Several bullish catalysts have helped ignite the rally, beginning with Treasury Secretary Scott Bessent’s announcement of Treasury debt buybacks. Which then saw President Trump telling Congress to move on
The cryptocurrency market experienced a strong upward movement after a long period of calm. According to data, Bitcoin ($BTC) briefly rose above $69,000, gaining approximately 5.7% in the last 24 hours. Ethereum (ETH) also climbed above $2,100, rising nearly 8.8%. The total value of the cryptocurrency market also increased by 4.7%, reaching approximately $2.4 trillion.