Bitcoin jumps 8.7% after Treasury buyback plan sends yields lower

AI Summary On August 19, the U.S. Treasury announced that starting September 9, it will at least double its long-end buybacks, and Bitcoin surged as much as 8.7%, reaching an intraday high of $69,749. Bitcoin’s biggest daily move since March 4 occurred not because of a cryptocurrency-related development, but due to a government announcement regarding debt management.... fulltext: 367 chars | fulltext source: rss-fallback | summary method: extractive Original: https://www.cryptopolitan.com/treasury-doubles-long-bond-buybacks-bitcoin-rallies-8-7/ Source: CryptoPolitan