World · Market · Global ·
Bitcoin tops $80K on Treasury buyback and short squeeze
Bitcoin briefly topped $80,000 for the first time since May after the US Treasury announced a $4 billion bond buyback plan. The announcement triggered over $3 billion in cryptocurrency short liquidations and drove $1.92 billion in inflows to US spot Bitcoin ETFs in the strongest weekly period since October 2025.
Why it matters for the crypto market
Demonstrates how US fiscal policy and debt-management decisions are now direct near-term drivers of crypto price action and institutional capital flows.
Source: CoinDesk
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