Bitcoin surges above $68,000, liquidating $1.4 billion shorts as Treasury buybacks boost risk appetite

Source Summary

Bitcoin rose approximately 6% and surpassed $68,000, while ether, solana, and crypto stocks also climbed. The gains followed the U.S. Treasury's decision to double the size of its bond buybacks, which boosted broader risk appetite. The price movement liquidated $1.4 billion in short positions.