Treasury Buybacks Fuel Bitcoin Rally as Crypto Markets Go Risk-On

The US Treasury's decision to expand long-dated bond buybacks has boosted Bitcoin and Ether, driving a 'not-QE' rally in digital assets. The move, which runs from September 9 to November 4, is seen as a liquidity-boosting measure that could have a lasting impact on risk appetite.

According to Standard Chartered's Geoff Kendrick, the key technical level for Bitcoin is around $65,500. A sustained move above this threshold could confirm that the cycle low is already in and set the stage for further price gains.

Metaplanet is taking its Bitcoin treasury strategy into US markets by acquiring a controlling stake in Nasdaq-listed Super League Enterprise. The company will inject 2,100 BTC into the renamed entity, creating separate funding pathways for US and Japanese investors.