Treasury Buyback Surge Boosts Bitcoin to New Heights

Treasury's decision to expand long-end bond buybacks has driven a 'not-QE' rally in Bitcoin, sending prices soaring over 23% towards $79,000.

The move, which is expected to boost liquidity and reduce long-dated yields, was welcomed by Standard Chartered analyst Geoff Kendrick, who sees it as 'exactly the type of thing Bitcoin loves.'

Kendrick pointed out that a sustained break above the critical technical zone around $65,500 could confirm that the cycle low is already in.