US Treasury completes $6B buyback, bitcoin fails to rally
- —Dealers offered $10.7 billion; the Treasury accepted exactly $6 billion across six issues
- —Cash outlay was about $3.8 billion at 52 to 71 cents on the dollar
- —The 10-year Treasury yield reached 5.342%, the highest since 2002
- —BTC fell 1.5% over 24 hours and trades below $80,000
Why it matters: Treasury buybacks have stopped acting as a catalyst for bitcoin, with traders treating them as routine liquidity support rather than a signal for risk assets.
Source: BeInCrypto PL