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.

Source: [CryptoSlate](https://cryptoslate.com/bitcoins-69000-breakout-now-hinges-on-yields-after-fed-warns-more-tightening-may-be-needed/)

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