Bitcoin roars back above $80K as ETF demand, Treasury buybacks fuel rally

The rally followed the US Treasury’s expansion of long-end debt buybacks and Trump’s renewed push for crypto market structure legislation.

Bitcoin rose above $80,000 on Tuesday for the first time since mid-May, extending its strongest weekly rally in more than two years.

Bitcoin (BTC) traded as high as $81,160.06, bringing its seven-day gain to about 25.8%, CoinGecko data shows.

The rally coincided with renewed demand through US spot Bitcoin exchange-traded funds (ETFs), which drew $1.92 billion in net inflows last week.

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Source: https://cointelegraph.com/markets/bitcoin-80k-etf-demand-treasury-buybacks?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound