Bitcoin · U.S. Treasury · New York · Bitcoin Magazine
Bitcoin blew past $68,000 on Wednesday, jumping nearly 3% over a 24-hour period after news dropped that the U.S. Treasury
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The price of Bitcoin was recently at $68,473 at 10.30am in New York after briefly touching $68,982.
Key facts
- The price of Bitcoin was recently at $68,473 at 10.30am in New York after briefly touching $68,982
- Bitcoin blew past $68,000 on Wednesday, jumping nearly 3% over a 24-hour period after news dropped that the U.S. Treasury planned to more than double the size of its government debt repurchases
- The coin’s volatility also stands at record lows: 2025 was the least volatile year for the asset and asset manager Fidelity on Wednesday said that its volatility is now lower than 98.5% of all days
- Bitcoin is closing in on $70,000 for the first time since June
Summary
Bitcoin is closing in on $70,000 for the first time since June. Bitcoin blew past $68,000 on Wednesday, jumping nearly 3% over a 24-hour period after news dropped that the U.S. Treasury planned to more than double the size of its government debt repurchases. Over the past week, the biggest and oldest cryptocurrency is up over 3%. The Treasury Department said Wednesday that it will more than double the size of its government debt repurchases due to fixed income markets under pressure and yields surging to levels not seen in nearly 20 years.