- Bitcoin eyes $70,000 on Thursday, following a 7% rise the previous day.
- A surprise US Treasury announcement to double long-term bond buybacks lowered yields and renewed risk-on sentiment in the crypto market.
- Ethereum, Hyperliquid, and Official Trump recorded double-digit gains over the last 24 hours.
The broader cryptocurrency market is regaining strength, pointing toward a renewed bull run. The US Treasury Department announced on Wednesday that it will buy back more of its longer-term bonds, in an effort to curb a sharp increase in borrowing costs.
US Treasury doubles long-term bond buybacks
US Treasury announced that it would at least double the maximum size of its liquidity-support buyback operations for longer-dated nominal…
