BTC breaks through the $68000 mark

BTC rose about 6% while ether, solana and crypto stocks climbed after the Treasury doubled the size of its bond buybacks.

[Main password: Coinbase BTC has a market price transaction order of 13.22 million US dollars] Noticeable liquidity pressure emerged, market sentiment might escalate after sudden capital movements...

The price of Bitcoin surged towards $70000, resulting in the liquidation of short cryptocurrency positions worth $1.14 billion within an hour. （Decrypt）

[Geoff Kendrick: Bitcoin Could Reach $100,000 by Year-End After Breaking $65,500] According to a report by Cointelegraph, Standard Chartered Bank analyst Geoff Kendrick stated that Bitcoin's key technical level is $65,500. If this level is breached, it may confirm the cycle's low point, and investors should position themselves for a target of $100,000 by the end of 2026. Kendrick noted that the U.S. Treasury has announced an increase in the cap for 10-30 year Treasury bond buyback operations from $2 billion to at least $4 billion, with the plan set to be implemented from September 9 to November 4. Bitcoin benefits from government liquidity interventions, and its fixed supply characteristic gives it the ability to resist currency devaluation.

The head of the Office of the Superintendent of the Currency stated at the SALT Conference that digital asset franchising activities have increased eight times since the Biden administration, and called the previous administration's efforts to eliminate risks extremely short-sighted. The US Monetary Authority expects to complete the GENIUS Act rule making in November and make adjustments based on feedback from the cryptocurrency industry.