Bitcoin · SEC · U.S. Treasury · Donald Trump · White House · The Block
Bitcoin climbed to $69,000 for the first time in two months on Wednesday
Compiled by KHAO Editorial — aggregated from 2 sources. See llms.txt for citation guidance.
✓ KHAO Verified
On Wednesday morning, the U.S. Department of the Treasury said it is increasing, by at least double, the size of liquidity support buyback operations for longer-dated nominal coupon securities (the 10-year to 20-year sector and the 20-year to 30-year sector).
Key facts
- That seemed to be the shot in the arm investors were looking for, with bitcoin (BTC) touching the $69,000 level for the first time in two months, while ether (ETH) jumped 10% to hit $2,000
- The current maximum size of $2 billion per operation will be at least $4 billion per operation
- Bitcoin climbed to $69,000 for the first time in two months on Wednesday, while ether reclaimed $2,000 as crypto markets rallied following a Treasury buyback expansion and the SEC's latest crypto
- On Wednesday morning, the U.S. Department of the Treasury said it is increasing, by at least double, the size of liquidity support buyback operations for longer-dated nominal coupon securities (the
Summary
Bitcoin climbed to $69,000 for the first time in two months on Wednesday, while ether reclaimed $2,000 as crypto markets rallied following a Treasury buyback expansion and the SEC's latest crypto offering proposal. On Wednesday morning, the U.S. "This increase in buyback operation sizes reflects Treasury’s desire to provide greater liquidity support in longer-dated nominal sectors where there is consistent strong sponsorship from market participants, as evidenced by the significant volume of high-quality offers Treasury routinely receives in longer-dated buyback operations," the Treasury said in a release. The Secruties nd Exchange Commission on Tuesday afternoon proposed a rule that would open the door to offerings of crypto assets tied to investment contracts.