New Crypto
Friday, 8/21, 12:47 AM
Bitcoin tops $75,000 as a $3 billion short squeeze meets the Treasury's bond buybacks
- Bitcoin climbed as high as $75,740 in Asian trading on Friday, its first move above $75,000 since May and a gain of almost 20% on the week.
- The rally began with a US Treasury plan to double its bond buybacks, and it was amplified by roughly $3 billion of forced buying from traders who had bet against the price.