Bitcoins <\/p>\n
Bitcoin<\/a> (BTC) climbed as high as US$69,892 (AU$98,548) during Wednesday\u2019s session and held near US$68,995 (AU$97,283) early on Thursday, a 7.38% gain over 24 hours, as long-dated Treasury yields fell and the US Treasury announced a doubling of its long-end bond buybacks.<\/p>\n CoinGecko put the price at 03:10 UTC on Thursday, with a 24-hour low of US$64,124 (AU$90,415) and a market capitalisation of about US$1.385 trillion (AU$1.95 trillion). Bitcoin remains 45.28% below its record of US$126,080 (AU$177,773), set on 6 October 2025.<\/p>\n Treasury\u2019s own published yield curve shows the 30-year at 5.19% on Wednesday, against 5.28% on Tuesday and 5.31% on Monday. The 10-year closed at 4.65%, against 4.71% a day earlier, and the 20-year at 5.17% against 5.28%.<\/p>\n Read more: Bitcoin at $1 Million by 2030? The Numbers Don\u2019t Add Up, Analyst Says<\/a><\/strong><\/p>\n The US Treasury said it is increasing, \u201cby at least double,\u201d the size of liquidity support buyback operations for longer-dated nominal coupon securities in the 10-to-20-year and 20-to-30-year sectors.\u00a0<\/p>\n The maximum per operation rises from US$2 billion (AU$2.82 billion) to at least US$4 billion (AU$5.64 billion).<\/p>\n That change takes effect on 9 September and runs through 4 November, the end of the current refunding quarter, with further detail due at the Quarterly Refunding on the same date.\u00a0<\/p>\n The US Treasury attributed the increase to its \u201cdesire to provide greater liquidity support in longer-dated nominal sectors where there is consistent strong sponsorship from market participants,\u201d and made no reference to yields or the dollar.\u00a0<\/p>\nWhat Treasury Actually Announced<\/h2>\n