A weaker dollar and shifting bond-market expectations have reignited investor appetite, while a major US crypto bill keeps traders watching Washington closely.

Bitcoin surpassed the $70,000 mark for the first time in more than two months. During trading, the value of the largest cryptocurrency rose by 4.1% to more than $71,900, its highest level since May 31.

The increase in prices came amid changes in the U.S. debt market. Actions by U.S. Treasury Secretary Scott Bessent aimed at lowering Treasury yields supported investor interest in risk assets.

U.S. plans to buy back long-term government bonds initially led to a decline in their yields and weakened the dollar to a three-month low. This situation proved favorable for the…