BTC pares gains after briefly surpassing $81,000 amid rebounding ETF flows and Treasury bond market interventions.
Bitcoin approached $80,000 early Tuesday, retreating slightly after peaking above $81,000 overnight. The rally follows the Treasury Department’s bond buyback plans, which have curbed short-selling in both bond and crypto markets.
Spot bitcoin ETFs saw renewed inflows, with analysts noting technical buy signals emerging. The asset’s three-month highs align with broader risk-on sentiment driven by expectations of looser financial conditions.
Crypto stocks extended gains, reflecting optimism tied to the Treasury’s strategy, which raised $2 billion in recent sessions. Market participants await further clarity on bond market stabilization efforts.