Bitcoin Dips Briefly After $6B Bond Buyback Announcement — Market Talk

Bitcoin briefly dipped but rebounded, after the Treasury said it would buy up to $6 billion of longer-term debt at its Thursday buyback operation. The announcement sent bond yields higher with the 2-year yield now at 4.85%. Markets initially responded by moving money out of riskier assets such as cryptocurrencies like bitcoin which had been in positive territory before the announcement. Bitcoin is rising again, up 0.2%. ([email protected])