Prism Market LabMarkets · iGaming · Business
CryptoAug 22, 2026Source: CoinDesk

How a Treasury buyback tweak helped bitcoin surge 25% to nearly $80,000 in days

How a Treasury buyback tweak helped bitcoin surge 25% to nearly $80,000 in days

Treasury buybacks are not QE, analysts said, but the move helped pull long-term yields off 19-year highs and triggered a record short squeeze in a market already leaning too bearish.

Treasury buybacks are not QE, analysts said, but the move helped pull long-term yields off 19-year highs and triggered a record short squeeze in a market already leaning too bearish.