BTC was little changed Monday after last week's 24% surge triggered by a Treasury buyback announcement that squeezed over $3 billion in shorts.
- The Treasury's decision to double buybacks of long-dated bonds cracked bitcoin's six-week trading range, triggering more than $3 billion in short liquidations and a 24% weekly gain, the best since March 2023.
- Bitcoin and gold both rallied last week while equities lagged, with bullion near record highs Monday morning as Bessent's debt-management strategy kept pressure on long-dated yields.
- Altcoins are broadly consolidating Monday, though the Altcoin Season index ticked up to 42/100 from 33 on Friday; last week's outperformance in tokens like HYPE, AAVE and XRP was selective rather than a broad rotation.
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The Definitive Stablecoin Landscape Series: Asia Pacific
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters :
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Cathie Wood says smart investors need to start watching where AI agents spend money
U.S. added just 29,000 jobs in September, with unemployment rate rising to 4.2%
Crypto traders are in risk-on mode as bitcoin dominance nears return to 60%
There's an election next month: State of Crypto
Crypto poured years into new products. The next challenge is keeping users
The Clarity Act stalled. Bankers aren’t hitting the brakes yet on crypto dealmaking
Original sourceCoinDesk
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