Bitcoin News page 12

The milestone arrives as critics question the administration's spending discipline and its potential ripple effects on risk assets, including crypto. The United States national debt has surpassed $40 trillion, CryptoBriefing reported. The figure marks another milestone in a long climb that has accelerated in recent years.

ETH's break above the $2,000 mark coincided with gains in ZEC, SOL, and XRP. Ethereum's price climbed past the $2,000 level for the first time this summer, according to a report from CoinGape. The milestone comes after months of price action that had kept the largest smart-contract platform below that threshold.

Analysts point to a key chart pattern that could push Bitcoin sharply higher if a $66,600 neckline gives way. Bitcoin is closing in on a technical formation that market watchers believe could set up a significant price advance. Reports from CoinDesk and The Cryptonomist EN describe a pattern with a neckline near $66,600.

Crypto-linked equities rallied in tandem with a sharp move higher in the bitcoin price, according to Yahoo Finance. Bitcoin pushed above $68,000 on Tuesday, triggering a broad rally in stocks tied to the cryptocurrency's fortunes. Yahoo Finance reported that Strategy and Bitmine Immersion Technologies each rose 13%, while Coinbase advanced 11%.

The asset manager's updated filing for its Zcash Trust, ticker ZCSH, points to a possible 200,000 ZEC purchase. Grayscale has filed a fourth amendment tied to its planned Zcash Trust, moving the product closer to a listing on NYSE Arca.

A drop in Treasury yields and rising exchange-traded fund inflows coincided with a sharp rally in bitcoin's price. Bitcoin advanced about 6% over the reported period, pushing its price toward the $69,000 level. The rally coincided with a decline in U.S. Treasury yields, a combination that has historically supported demand for risk assets, including cryptocurrencies.

The cross-chain liquidity network suspended operations following a bitcoin-focused breach reported by multiple outlets. Maya Protocol, a cross-chain liquidity network built to facilitate native asset swaps, has suspended its operations. The move followed an exploit that resulted in the loss of approximately $1.7 million in Bitcoin, according to CryptoBriefing.

Institutional demand through Fidelity's platform persists even as broader Bitcoin ETF flows turn negative. Fidelity clients bought $23.92 million worth of Bitcoin in a recent single-day session, according to CryptoBriefing. That figure formed part of a larger two-day total of $134 million in Bitcoin purchases attributed to Fidelity clients, reported separately by CryptoBriefing and AMBCrypto.

An amended filing for Grayscale's proposed Zcash ETF discloses discussions with parent company Digital Currency Group over an in-kind contribution. Grayscale has submitted an updated amendment to its planned Zcash exchange-traded fund. The filing discloses that Digital Currency Group, Grayscale's parent company, is in discussions to contribute 200,000 ZEC to the fund.

A sudden surge in Bitcoin and Ethereum prices triggered a wave of forced liquidations, prompting commentary on diverging crypto and AI-linked asset performance Bitcoin and Ethereum posted a sharp price surge that caught many short sellers off guard. The rapid move triggered a cascade of forced liquidations across derivatives markets.

Nebius sank as much as 14% and CoreWeave fell 4% before both pared losses during a sharp Nasdaq swing. Shares of TeraWulf, CoreWeave and Nebius fell sharply on August 19, according to Invezz and Yahoo Finance. The declines came as the Nasdaq index swung widely during the session.

The veteran short-seller argues Strategy's stock premium over its Bitcoin holdings has created a large arbitrage opportunity worth shorting. Jim Chanos, known for his bearish calls on companies with stretched valuations, is again targeting Strategy. He has flagged what he describes as an $80 billion Bitcoin arbitrage tied to the company's stock.

Bitcoin, gold and broader crypto markets advanced as the Treasury expanded its long-dated debt repurchase program. The US Treasury has doubled the scale of its long-bond buyback program, according to reports from Coindoo and CryptoBriefing. The expansion applies to purchases of longer-dated government debt. Crypto markets and gold both moved higher following the announcement.

A rapid price surge forced traders holding bearish bets to close positions within a single hour. Bitcoin surged toward $70,000 in a rapid price move that caught many traders positioned for a decline. The rally unfolded quickly enough to trigger a wave of forced liquidations across derivatives markets.

Large holders reportedly moved $2.9 billion into Bitcoin as the price pushed back above key moving averages. Bitcoin pushed back above $64,000 this week, according to market reports, reversing recent softness and drawing renewed attention from traders. The move coincided with reports of significant buying activity from large wallet holders, often referred to as whales.

CryptoBriefing and Bitcoin.com News both describe a Bitcoin short squeeze near $69K-$70K, but they disagree on the date, price, liquidation size, and cause. CryptoBriefing and Bitcoin.com News both describe a Bitcoin short squeeze near $69K-$70K, but they disagree on the date, price, liquidation size, and cause.

On-chain data cited by Bitcoin.com News shows large holders accumulating after months of net selling. Bitcoin.com News reported on August 19 that large bitcoin holders added approximately 43,000 BTC to their combined balances. The outlet described the accumulation as the end of a selling period that had stretched across several months.

A wave of short liquidations followed the Treasury's move to rein in long-term borrowing costs. The US Treasury has stepped up its debt buyback operations, doubling the pace at which it repurchases outstanding government bonds. The stated goal appears to be holding long-term yields near a 5.3% ceiling.