Bitcoin Soars Near $70K as US Debt Tops $40T and ETF Inflows Hit $517M
The Bitcoin price neared $70,000 after breaking above its recent trading range.
U.S. government debt crossed $40 trillion as Treasury expanded long-term bond buybacks.
In related news, U.S. spot Bitcoin ETFs attracted $517 million on August 19, extending a three-day inflow streak.
The move came as Treasury yields retreated, and Washington signaled continued support for crypto legislation.