Crypto Market Pulls Back: Bitcoin, Ethereum, and XRP Technical Analysis Amid Treasury Buybacks The global cryptocurrency market capitalization declined to $2.75 trillion, marking a 1.2% drop over the past 24 hours, with trading volume reaching $95.24 billion. Major assets retreated across the board: Bitcoin slipped to $78,218.90, Ethereum eased to $2,470.18, and XRP fell to ...
Fidelity Investments’ Global Macro Director Jurrien Timmer argues that recent U.S. Treasury operations—specifically increased long-term bond buybacks paired with heightened short-term bill issuance—are pressuring the dollar while providing tailwinds for Bitcoin and gold. Treasury Buybacks Weaken Dollar, Lift Bitcoin and Gold Timmer observed that the dollar declined last week following the Treasury’s repurchase of additional ...
Bitcoin’s recent breakout appears to have been triggered by a shift in U.S. Treasury-market liquidity, but analysts say the rally’s staying power hinges on whether exchange-traded fund inflows and spot demand can replace the initial macroeconomic boost. Treasury Buybacks Spark 22% Surge and Short Squeeze Bitcoin surged roughly 22% during its breakout week as long-term ...