Bitcoin Taps $81K High as Treasury Bond Buybacks Fuel Rally

Bitcoin briefly touched $81K before stabilizing above $80K, buoyed by US Treasury bond buybacks and strong ETF inflows.

The rally began last week following a decision from the US Treasury to repurchase bonds, which lowered longer-term yields and increased expectations of easier financial conditions.

Bitcoin's weekly price advance exceeded $16,000, one of its largest single-week dollar gains on record.

ETF inflows returned in force, with Bitcoin and Ethereum ETFs drawing $2.6 billion during the prior week, the strongest inflow week since October.