{"id":12116,"date":"2026-08-20T07:17:13","date_gmt":"2026-08-20T07:17:13","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=12116"},"modified":"2026-08-20T07:17:13","modified_gmt":"2026-08-20T07:17:13","slug":"bitcoin-surges-past-69k-as-traders-flip-from-bearish-to-50-50","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=12116","title":{"rendered":"Bitcoin Surges Past $69K as Traders Flip From Bearish to 50\/50"},"content":{"rendered":"

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  • Bitcoin traded at US$68,995 (AU$97,283) at 03:10 UTC on Thursday, up 7.38% over 24 hours with a session high of US$69,892, CoinGecko data shows.<\/span><\/li>\n
  • The 30-year Treasury yield closed at 5.19% on Wednesday against 5.28% a day earlier, and the 10-year at 4.65% against 4.71%.<\/span><\/li>\n
  • Treasury said it will at least double the size of its long-end bond buyback operations, from US$2 billion to at least US$4 billion, starting 9 September.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n

    Bitcoin (BTC) climbed as high as US$69,892 (AU$98,548) during Wednesday\u2019s session and held near US$68,995 (AU$97,283) early on Thursday, a 7.38% gain over 24 hours, as long-dated Treasury yields fell and the US Treasury announced a doubling of its long-end bond buybacks.<\/p>\n

    CoinGecko put the price at 03:10 UTC on Thursday, with a 24-hour low of US$64,124 (AU$90,415) and a market capitalisation of about US$1.385 trillion (AU$1.95 trillion). Bitcoin remains 45.28% below its record of US$126,080 (AU$177,773), set on 6 October 2025.<\/p>\n

    Treasury\u2019s own published yield curve shows the 30-year at 5.19% on Wednesday, against 5.28% on Tuesday and 5.31% on Monday. The 10-year closed at 4.65%, against 4.71% a day earlier, and the 20-year at 5.17% against 5.28%.<\/p>\n

    Read more: Bitcoin at $1 Million by 2030? The Numbers Don\u2019t Add Up, Analyst Says<\/strong><\/p>\n

    What Treasury Actually Announced<\/h2>\n

    The US Treasury said it is increasing, \u201cby at least double,\u201d the size of liquidity support buyback operations for longer-dated nominal coupon securities in the 10-to-20-year and 20-to-30-year sectors.\u00a0<\/p>\n

    The maximum per operation rises from US$2 billion (AU$2.82 billion) to at least US$4 billion (AU$5.64 billion).<\/p>\n

    That change takes effect on 9 September and runs through 4 November, the end of the current refunding quarter, with further detail due at the Quarterly Refunding on the same date.\u00a0<\/p>\n

    The US Treasury attributed the increase to its \u201cdesire to provide greater liquidity support in longer-dated nominal sectors where there is consistent strong sponsorship from market participants,\u201d and made no reference to yields or the dollar.\u00a0<\/p>\n

    Read more: DeFiLlama Delayed App Launch After Fake Apple Store Apps Targeted Users<\/strong><\/p>\n<\/p><\/div>\n

    Bear Market,Bitcoin#Bitcoin #Surges #69K #Traders #Flip #Bearish1787210233<\/p>\n","protected":false},"excerpt":{"rendered":"

    Bitcoin traded at US$68,995 (AU$97,283) at 03:10 UTC on Thursday, up 7.38% over 24 hours with a session high of US$69,892, CoinGecko data shows. The 30-year Treasury yield closed at 5.19% on Wednesday against 5.28% a day earlier, and the 10-year at 4.65% against 4.71%. Treasury said it will at least double the size of<\/p>\n","protected":false},"author":1,"featured_media":12117,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[6372,2550,91,1249,1797,171],"class_list":["post-12116","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","tag-69k","tag-bearish","tag-bitcoin","tag-flip","tag-surges","tag-traders"],"yoast_head":"\nBitcoin Surges Past $69K as Traders Flip From Bearish to 50\/50 - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=12116\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Surges Past $69K as Traders Flip From Bearish to 50\/50\" \/>\n<meta property=\"og:description\" content=\"Bitcoin traded at US$68,995 (AU$97,283) at 03:10 UTC on Thursday, up 7.38% over 24 hours with a session high of US$69,892, CoinGecko data shows. 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