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Bitcoin’s best August since 2017 was built on Treasury buybacks, not hopium

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The US Treasury doubled its long dated bond buyback operations on August 19. Within 72 hours, $3.5 billion in crypto shorts were liquidated, Bitcoin crossed $80,000 for the first time since May, and the Fear and Greed Index swung from…

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Bitcoin’s best August since 2017 was built on Treasury buybacks, not hopium
Crypto.news 1h ago

Bitcoin’s best August since 2017 was built on Treasury buybacks, not hopium

The US Treasury doubled its long dated bond buyback operations on August 19. Within 72 hours, $3.5 billion in crypto shorts were liquidated, Bitcoin crossed $80,000 for the first time since May, and the Fear and Greed Index swung from…