Bitcoin blasts past $72,000 as Trump, Treasury buybacks wipe out $3.1B in shorts
Bitcoin blasts past $72,000 as Trump, Treasury buybacks wipe out $3.1B in shortsBitcoin climbed roughly 15% since Monday as a Treasury bond-market intervention helped push yields lower and forced billions of dollars in bearish positions to unwind.
Good to see you this Thursday.Bitcoin’s blast past $72,000 has put macro sensitivity at the center of crypto’s recovery: Trump and Treasury buybacks wiped out $3.1B in shorts, but the Fed’s warning that further tightening may be needed leaves yields the key constraint. For readers, the move matters less as a price signal than as a test of whether liquidity can withstand a firmer rate backdrop. Crypto’s relative performance against the Nasdaq suggests speculative capital is returning, while ETF flows remain uneven as Hashdex winds down its Bitcoin fund and IBIT attracts fresh money. The global crypto market cap is $2.46 trillion, with a 24-hour volume of $146.09 billion. The price of Bitcoin is $72,456.91, and BTC market dominance is 59.1%. The price of Ethereum is $2,329.96, and ETH market dominance is 11.4%. The best-performing sector is Crowdfunding, which gained 22%. The Crypto Fear & Greed Index is currently Greed (62). 📰 Top NewsBitcoin blasts past $72,000 as Trump, Treasury buybacks wipe out $3.1B in shortsBitcoin climbed roughly 15% since Monday as a Treasury bond-market intervention helped push yields lower and forced billions of dollars in bearish positions to unwind. Bitcoin’s $69,000 breakout now hinges on yields after Fed warns more tightening may be neededBitcoin jumped from $64,000 to nearly $70,000 after Treasury expanded long-bond buybacks and $1.4 billion in shorts were liquidated. Bitcoin treasury Hyperscale sells 686 BTC to clear loans but says cash won’t cover next 12 monthsThe August repayment ended the immediate collateral risk while the company’s going-concern warning and Michigan financing need persisted. 🗞️ More News8 reasons to lock in always-on visibility on CryptoSlateIf your company wants meaningful reach in crypto throughout 2026, CryptoSlate is the safe, high-leverage choice. Here is why advertisers choose us:
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