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Traders bet bitcoin was stuck below $67,000. The Treasury blew that trade up in one afternoon
Traders had been betting that bitcoin would stay below $67,000, but a Treasury‑related market move caused the price to jump above $77,000 on Friday.
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Traders had been betting that bitcoin would stay below $67,000, but a Treasury‑related market move caused the price to jump above $77,000 on Friday. The cryptocurrency had fallen from a January peak near $95,000 to under $60,000 by the end of June amid broader investor caution and regulatory uncertainty. The sudden rise was linked to frantic activity in the bond market and actions in Washington that disrupted the short‑position trade. This price surge marked a sharp reversal from the earlier low‑price expectations.
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