Crypto

Bitcoin rally fueled by ETF inflows and U.S. regulatory tailwinds

Bitcoin extended gains, holding above $77,000, as more than $1 billion flowed into spot bitcoin ETFs over two days and expectations of a shift in the U.S. policy environment grew. Large-scale short-position liquidations also amplified the rise. Analysts pointed to U.S. Treasury plans to expand long-term bond buybacks and comments on possible government bitcoin purchases as catalysts, while noting bitcoin may see limited direct impact from the Clarity Act.

Crypto

Bitcoin nears $80,000 as Peter Brandt’s $58,000 call comes under review

Bitcoin has climbed toward $80,000 after breaking out of a lower range around $60,000, putting veteran trader Peter Brandt’s $58,000 to $62,000 downside target under renewed scrutiny. Bitcoin briefly fell to $57,717 on July 1 and then moved sideways for months in that band before reversing higher. The market saw heightened volatility as it digested a surge in Treasury yields and new fiscal consolidation policy ideas. A large short squeeze on Aug. 22 helped push prices near $80,000.