Crypto Biz: Treasury’s ‘Not-QE’ playbook sends Bitcoin higher
Bitcoin and the broader digital asset market got a taste of “not-QE” this week — and liked it. The price of Bitcoin (BTC) jumped more than 23% toward $79,000 and Ether’s price crossed $2,400 after the US Treasury moved to double certain long-dated bond buybacks, adding fuel to an increasingly important question for digital asset markets.
Why It Matters
This story touches on united-states, treasury, not — topics readers are actively tracking. Review and add editorial context before publishing.
Key Facts
- Fact 1: The price of Bitcoin (BTC) jumped more than 23% toward $79,000 and Ether’s price crossed $2,400 after the US Treasury moved to double certain long-dated bond buybacks, adding fuel to an increasingly important question for digital asset markets.
- Fact 2: Standard Chartered sees Bitcoin heading toward $100,000, Metaplanet is taking its Bitcoin treasury strategy to the US and Cypherpunk Technologies is making a $33 million bet on Zcash mining.
- Fact 3: Standard Chartered analyst sees Bitcoin reaching $100,000 as Treasury buybacks expand Standard Chartered analyst Geoff Kendrick said Bitcoin could reach $100,000 by year-end as the US Treasury doubles long-end bond buybacks, a move he described as “exactly the type of thing Bitcoin loves.” Kendrick said in a client note that BTC’s key technical level is $65,500 and breaking above it could confirm the cycle low is in.
- Fact 4: He cited Wednesday’s Treasury plan to at least double buyback operations for 10- to 20-year and 20- to 30-year coupons.
Bitcoin and the broader digital asset market got a taste of “not-QE” this week — and liked it. The price of Bitcoin (BTC) jumped more than 23% toward $79,000 and Ether’s price crossed $2,400 after the US Treasury moved to double certain long-dated bond buybacks, adding fuel to an increasingly important question for digital asset markets.
If Washington keeps finding new ways to support liquidity without technically embarking on quantitative easing, could Bitcoin and other risk assets become some of the biggest beneficiaries? That question is already shaping business decisions across crypto. Standard Chartered sees Bitcoin heading toward $100,000, Metaplanet is taking its Bitcoin treasury strategy to the US and Cypherpunk Technologies is making a $33 million bet on Zcash mining.
(Original synthesis pending human/AI review — generated by the stub provider by selecting real sentences from the source material, not by writing new analysis or commentary.)
Original source: Cointelegraph
Related Stories
These Researchers Just Shrunk an AI Model and Somehow Made It Smarter
World Liberty Financial launches USD1 natively on Canton Network
Crypto Market Flips From Fear to 'Extreme Greed' for First Time Since 2024
