Bitcoin (BTC) extends its gains, inching toward $72,000 at the time of writing on Thursday, as crypto markets continue to cheer the US Treasury’s decision to double its debt buyback operations. The move has sharply improved market sentiment and liquidity conditions, helped trigger a short squeeze, and overall provided a positive catalyst for the broader crypto market.

Meme coins, including Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), are trading in the green on Thursday, extending their previous day’s gains linked to US Treasury bond buybacks. The technical outlook for DOGE, SHIB and PEPE points to a bullish path forward as momentum shifts to the upside. 

Cryptocurrency prices are extending gains on Thursday, led by…