Treasury Buybacks Push Bitcoin Above $75,000
Bitcoin secured a daily candle close above $75,000 on April 17, 2026, for the first time in 73 days. This price movement follows a $15 billion buyback of US Treasury debt, the largest in history. The buyback injected cash back into the financial system, creating a 'risk-on' signal that increases demand for scarce assets. BlackRock's iShares Bitcoin Trust (IBIT) added $81,780,000 worth of Bitcoin, approximately 1,009 BTC, to its holdings. The price of Bitcoin is now positioned to test resistance levels at $78,000 and $82,000.
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