Bitcoin Price Crashes $1,200 As Treasury’s Bond Rescue Backfires

The post Bitcoin Price Crashes $1,200 As Treasury’s Bond Rescue Backfires appeared first on Coinpedia Fintech News Bitcoin fell $1,200, dropping below $77,000 and now trading at $77,260.27, down 3.0% over 24 hours, after August Producer Price Index data came in hotter than expected.

More than $190 million in long positions were liquidated within an hour of the move. The selloff comes as the Treasury’s $6 billion bond buyback failed to stop …