Bitcoin steadies above $79,000 as ETF inflows hit longest streak since April
Bitcoin has stabilized above $79,000 following a rally driven by U.S. Treasury bond buyback policies and consistent ETF inflows. While Bitcoin remains strong, the broader altcoin market shows mixed performance as investor focus shifts toward the primary cryptocurrency.
Why it matters
The sustained price action and institutional interest in Bitcoin reflect broader shifts in global risk asset sentiment and macroeconomic policy.
The catalyst that sparked the rally was the U.S. Treasury’s decision to double long-dated bond buybacks, spurring the largest cryptocurrency to break out of a six-week trading range and triggering more than $3 billion in short liquidations. The announcement continues to lift sentiment across risk assets like BTC and gold.
Altcoins are mixed. Bittensor's TAO led gains during the European morning, adding around 5.3% since midnight, recovering sharply from August lows near $185. Most other tokens were slightly lower, with zcash and pump.fun among the weakest, both dropping around 4%.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in