Crypto Market Surges: Ether Up 18%, Bitcoin Crosses $69,000

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A broad cryptocurrency rally pushed Ether up 18% to $2,250 while Bitcoin surpassed $69,000. Nearly every major cryptocurrency recorded double-digit gains over the week, with only Tron failing to join the surge. The rally coincided with the U.S. Treasury doubling its bond buyback program, which appeared to boost market sentiment. The upward momentum wiped out approximately $1.4 billion worth of short positions across the crypto market.

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