Swapping BTC for Wrapped Bitcoin: when the move to WBTC can be tax-neutral in Austria, and which tax risks investors should know about. Acquisition costs carry over, but the classification of the token decides the outcome.
On August 19, the U.S. Treasury announced that starting September 9, it will at least double its long-end buybacks, and Bitcoin surged as much as 8.7%, reaching an intraday high of $69,749.
Bitcoin perpetual futures recorded approximately $1.1 billion in short position liquidations within 24 hours. The total liquidation volume in the cryptocurrency market reached $1.92 billion on the same day. The price of the leading cryptocurrency touched an intraday high of $68,982.40 before stabilizing above $68,100.
Bitcoin's potential bullish trend could stabilize market sentiment, encouraging holding over panic selling, and possibly driving prices higher. Bitcoin eyes key short-term holder cost basis, signaling potential bullish trend.
The August repayment ended the immediate collateral risk while the company's going-concern warning and Michigan financing need persisted.
Bitcoin's rise highlights its growing influence in global finance, reflecting shifting investor sentiment and the volatility of digital assets. Bitcoin surpasses Meta, Tesla, and Vanguard ETF to become 13th largest asset.
Cameron Winklevoss pointed out on August 18 that Bitcoin trading around $69,000 represents an entry window comparable to levels seen prior to the 2025 bull cycle.
The biggest one-day jump since March did not come out of nowhere: the US Treasury is doubling its bond buybacks, the SEC proposed its first dedicated token rules, and the industry's top executives sat down at the White House. Here is the anatomy of the rally, and the playbook that goes with it.
Zhibao Technology closed a $154.7 million PIPE on August 17 funded entirely with 2,380 Bitcoin.
Bitcoin's move above the 200-day average signals potential market recovery, hinting at a shift from bearish to more constructive phases. Bitcoin reclaims 200-day moving average after 270 days below it.
The largest crypto asset rose more than 7% on Wednesday after several catalysts sent crypto-related assets higher.
Bitcoin ran from around $64,100 to nearly $70,000 within hours on Aug. 19, once the US Treasury unexpectedly doubled its planned buybacks of long-dated government debt. The move pushed bond yields lower and forced roughly $1.4 billion of crypto short positions out of the market in just four hours.