MANTRA token sinks 18% to record low amid blockchain halt
The token recovered to about $0.0044 after setting a new low, while exchanges paused deposits and withdrawals from the halted MANTRA Chain.
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The token recovered to about $0.0044 after setting a new low, while exchanges paused deposits and withdrawals from the halted MANTRA Chain.
The BTC price reclaimed its 200-day moving average for the first time in nine months as its rally gained momentum after the US Treasury expanded its bond buybacks.
Analysts say the $40 trillion debt milestone could bolster Bitcoin’s long-term case, even as Treasury yields, dollar strength and liquidity remain key near-term drivers.
Investors have poured more than $1 billion into US spot Bitcoin ETFs this week as BTC neared $72,000 and Ether climbed 19% to about $2,286 on Thursday.
Bitcoin approached $72,000 in a second day of upside as crypto short liquidations passed $3.1 billion.
Bitcoin joined US stocks in a broad rally after the US Treasury announced that it was at least doubling the amount of its debt buyback operations from September.
Bitcoin’s rebound toward $69,000 is gaining momentum as Geoff Kendrick points to improving liquidity conditions and a potential cycle bottom.
Bitcoin maintained its appeal as a diversification investment despite dropping more than 50% from all-time high, a BlackRock report stated.
US spot Bitcoin ETFs took in $189 million on Tuesday, lifting August net inflows to $951 million, while Ether ETFs added $71.5 million.
Bitcoin returned to $65,000 for the first time in a week as fresh BTC price volatility accompanied US claims that the Strait of Hormuz was “open and operating.”