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Crypto

Bitcoin swings around $78,000 as U.S. long-term yields rattle markets

Bitcoin is seeing sharp swings around the $78,000 level as U.S. long-term Treasury yields surge ahead of the monthly close. It rebounded after early weakness as Treasury Secretary Scott Bessent flagged possible intervention but said no purchases had been made. The 10-year yield rose to 4.76 percent and the 30-year to 5.269 percent. Analysts cited mixed technical signals, with traders watching whether Bitcoin holds above its 50-week EMA at $77,269.

Crypto

BlackRock says bitcoin, gold demand to rise as U.S. debt concerns grow

BlackRock has assessed that growing concerns about the United States’ fiscal deficit and debt burden are supporting demand for bitcoin. BlackRock digital assets head Robbie Mitchnick said in a CNBC interview that U.S. fiscal conditions are driving investment demand for alternative stores of value such as bitcoin and gold. He also commented on the CLARITY market structure bill and said its importance to bitcoin is lower than to the broader industry.

Crypto

Bitcoin nears $80,000 threshold as Treasury buybacks fuel rally

Bitcoin extended a rally toward $80,000 after gains tied to U.S. regulatory moves, a White House crypto summit and plans to expand long-term Treasury buybacks. XRP posted sharp weekly gains and broke a long-term downtrend line, while officials at the summit said an era of enforcement-focused regulation had ended. Market warnings persisted amid heavy short liquidations. In South Korea, Upbit and Bithumb saw surging volumes led by XRP.