Bitcoin Tops $68,000 as Treasury Bond Buybacks Fuel Crypto Rally

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Bitcoin surged approximately 6% to cross the $68,000 mark following a boost in investor risk appetite. The rally was triggered after the U.S. Treasury doubled the size of its bond buyback program. The move prompted a broader crypto market uptick, with Ethereum, Solana, and crypto-related stocks also climbing. The sharp price rise led to roughly $1.4 billion in short positions being liquidated across the market.

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