Every major except tron posted double-digit weekly gains, with nearly $1.4 billion of short positions wiped out after the Treasury doubled its bond buybacks.
- Ether jumped about 18 percent in 24 hours to above $2,250, leading major cryptocurrencies with a roughly 20 percent weekly gain.
- Bitcoin climbed to just over $69,100 after an overnight move near $69,900, helped by about $1.4 billion in short liquidations as risk appetite improved.
- The crypto rally followed the U.S. Treasury’s decision to at least double bond buyback operations and was reinforced by a bond-market surge and President Trump’s call for Congress to advance crypto market-structure legislation.
Newsletters
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- 3 Payments firm OpenPayd targets year-end Nasdaq listing to fund U.S. expansion and acquisitions 1 day ago
- 4 Crypto job postings triple to over 1,200 in September, but applications fall 1 day ago
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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%
Original sourceCoinDesk
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Read original ↗Disclaimer: This article is for information only and does not constitute investment advice. Digital assets involve substantial risk.
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