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BTC UPDATES
$BTC and the broader crypto market saw a modest retrace today after Bessent announced a $6B Treasury buyback, coming in below the $8–10B some investors had been expecting.
Yields moved sharply higher following the announcement, which is typically a headwind for risk assets.
That said, nothing significant has been lost from a technical perspective.
Until we break key support levels, I’m still expecting the market to push higher.
The next major catalysts are PPI tomorrow and CPI on Friday.
With both inflation reports landing within 48 hours, I expect volatility to pick up significantly.
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