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Morning Edition · Tuesday, August 25, 2026Published at 1:50 AM EDT · New York
Bitcoin Trades Above $80,000 for the First Time Since May After the Treasury Doubled Its Bond Buybacks
More than $240 million of short positions were liquidated in an hour, and United States spot bitcoin funds recorded their strongest week since October, according to Bitcoin Magazine.
Bitcoin traded above $80,000, its first time at that level since May, and CoinDesk reports the asset is up more than 25% on the week with solana leading the large caps at about 8%. Cointelegraph reported that more than $240 million of short…
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Dollar Liquidity Sets Crypto's Direction
Bank reserve levels and Treasury cash management increasingly determine crypto price direction more than crypto-native flows, tying digital assets to the same funding cycle as leveraged equities.
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