IB1T.L is trading £5.69 (+7.33%) on Bitcoin’s multi-day rebound, with derivatives short covering supporting the move.
- BTC was near $77,000 on August 24 after a roughly 23% weekly advance, supported by renewed spot-ETF demand.
- The rally began on expectations for easier liquidity after the Treasury doubled long-duration bond buybacks, alongside optimism around the CLARITY Act.
- Bitcoin’s +1.55% 24-hour move reinforces sector momentum.