{"id":77943,"date":"2026-09-09T18:26:48","date_gmt":"2026-09-09T18:26:48","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-price-steadies-at-78k-despite-6b-treasury-action\/"},"modified":"2026-09-09T18:26:48","modified_gmt":"2026-09-09T18:26:48","slug":"bitcoin-price-steadies-at-78k-despite-6b-treasury-action","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-price-steadies-at-78k-despite-6b-treasury-action\/","title":{"rendered":"Bitcoin Price Steadies at $78K Despite $6B Treasury Action"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Bitcoin fluctuated between $78,300 and $79,650 on Wednesday following a U.S. Treasury $6 billion debt buyback.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Flat price action triggered $59 million in bitcoin liquidations and $223 million across the crypto market.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Analysts expect larger U.S. Treasury buybacks to fuel a rally, while Kobeissi Letter warns yield may pass 5.00%.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Volatile Trading and Middle East Conflict<\/h2>\n<p>Bitcoin experienced another volatile trading period as it swung from just over $78,700 to $79,600, even as reports suggested that the U.S. Treasury bought back $6 billion in long-term debt, tripling levels seen before the recent intervention announcement.<\/p>\n<p>Market data show that before midnight, bitcoin\u2019s price ranged between a high of $78,900 and a low of $78,300. However, Bitstamp data show that in the early hours of Wednesday, the price breached $79,000 and held above that threshold. Around 4:35 a.m. EST, the <a href=\"https:\/\/news.bitcoin.com\/market-updates\/bitcoin-price-roars-back-from-77603-as-bulls-eye-80000\/\">price peaked at over $79,650<\/a> but began retreating immediately as markets reacted to reports of new fighting in the Middle East.<\/p>\n<p>As reported by Bitcoin.com News, the latest escalation in the U.S.-Iran conflict saw crude oil prices spike, with Brent crude topping $100 per barrel for the first time since July 2. Since Aug. 30, Brent crude oil has now <a href=\"https:\/\/news.bitcoin.com\/featured\/us-strikes-iran-brent-cracks-90-as-hormuz-risk-explodes-again\/\">gone up by over 10%<\/a>, and one U.S. bank projects this to reach $120.<\/p>\n<p> <iframe src=\"https:\/\/markets.bitcoin.com\/crypto\/bitcoin\/embed\" width=\"100%\" style=\"max-height:500px;height:500px;border:none;overflow:hidden;border-radius:4px\" scrolling=\"no\" title=\"bitcoin market data\"><\/iframe> <\/p>\n<p>After dipping below $79,000, <a href=\"https:\/\/www.bitcoin.com\/price\/bitcoin\/\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin\u2019s price<\/a> rallied again and appeared to lose steam after reclaiming $79,500. Another sell-off sent the price tumbling to $78,095 before a relief rally left it trading just above $78,600 around 12:16 p.m., keeping its market cap almost unchanged at $1.57 trillion.<\/p>\n<p>In the derivatives market, bitcoin\u2019s flat price action triggered $59 million in liquidations, almost evenly split between long and short bets. Overall, <a href=\"https:\/\/news.bitcoin.com\/market-updates\/crypto-liquidations-hit-264m-as-bitcoin-price-slides-ahead-of-cpi-data\/\">cryptocurrency market liquidations<\/a> topped $223 million, with liquidated long bets accounting for just over $120 million.<\/p>\n<p>This sluggish price action contrasts sharply with bitcoin\u2019s explosive breakout on Aug. 19, when the U.S. Treasury\u2019s bond buyback announcement propelled the asset up by more than $15,000 over the following week. While bitcoin has successfully defended those gains rather than surrendering them, analysts expected the latest intervention to spark a second leg higher.<\/p>\n<p>While bitcoin\u2019s price remained flat, yields on U.S. Treasuries reportedly rallied on the latest U.S. Treasury announcement, which, according to a <a href=\"https:\/\/x.com\/KobeissiLetter\/status\/2097719382533177507?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\" target=\"_blank\" rel=\"noopener noreferrer\">Kobeissi Letter post on X<\/a>, suggests the bond market is fighting the U.S. Treasury.<\/p>\n<p>\u201cWithout an end to the Iran War, we are on track to see the 10Y Note Yield above 5.00% by next week. American consumers, homebuyers, and borrowers are in for a rude awakening,\u201d the post warned.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/market-updates\/bitcoin-price-steadies-at-78k-despite-6b-treasury-action\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Bitcoin fluctuated between $78,300 and $79,650 on Wednesday following a U.S. Treasury $6 billion debt buyback. Flat price action triggered $59 million in bitcoin liquidations and $223 million across the crypto market. Analysts expect larger U.S. Treasury buybacks to fuel a rally, while Kobeissi Letter warns [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":77944,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/77943"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=77943"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/77943\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/77944"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=77943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=77943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=77943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}