Crypto
Bitcoin Resilient Amid US Debt Buyback and Mideast Tensions
Bitcoin's price held steady near $78,600 despite a $6 billion long-term debt buyback by the U.S. Treasury and renewed tensions in the Middle East.
The market saw significant volatility, with Bitcoin's price fluctuating between $78,095 and $79,650, and resulting in $59 million in liquidations and $223 million across cryptocurrencies.
Despite expectations of a rally following the Treasury's intervention, Bitcoin's price remained flat, while U.S. Treasury yields rose, signaling market tension.