INFORMANT

TRANSCRIPT

Tess Marek: Our tape shows X:BTCUSD surged +6.14% (96th percentile) since the open — its 63rd-biggest since-the-open day in the last some number sessions. Yahoo Finance was tracking it throughout the session: they had a piece at 12:19 ET asking where Bitcoin might be in two years, followed by an update at 12:16 ET linking today's rally to a Treasury repurchase announcement, and earlier coverage at 11:08 ET noting that Bitcoin neared $80K as whales accumulated and ETF inflows fueled the move. Our desk has not posted about this ticker today. Across the tape, liquidity met a policy-driven narrative — and the price delivered.

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