Bitcoin held near the $80,000 level on Monday having briefly surpassed the threshold a day ago. Amid the strong resilience, investors turned their attention to the U.S. Treasury’s debt buyback operations which could provide fuel for financial markets.
Bitcoin, Crypto Market Could Turn Bullish Amid Treasury Buybacks
As of writing, Bitcoin was trading around $79,800 while the overall crypto market remained solid after rallying in August. The traders are now focusing on macro-economic updates, such as the rising oil price, the climbing Treasury yields and the growing buyback program by the Treasury. In addition, the upcoming U.S. CPI and PPI inflation data is under radar.
“With oil prices and Treasury yields rising amid…
