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

Coinpedia·September 10, 2026·1 min read
Bitcoin Price Crashes $1,200 As Treasury’s Bond Rescue Backfires

Bitcoin fell $1,200 to $77,260.27, down 3.0% in 24 hours, after August Producer Price Index data came in hotter than expected. Over $190 million in long positions were liquidated within an hour. The Treasury's $6 billion bond buyback failed to stem the decline.

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