Bitcoin Price Spikes Above $72K on Treasury-fueled Short Squeeze

The price of bitcoin early Thursday bolted to a two-month high above $71,000, driving crypto stocks higher. The Treasury Department's Wednesday announcement regarding long-term bond buybacks appeared to spark the rally, further fueled by a massive wave of short liquidation

The price of bitcoin early Thursday bolted to a two-month high above $71,000, driving crypto stocks higher.

The Treasury Department’s Wednesday announcement regarding long-term bond buybacks appeared to spark the rally, further fueled by a massive wave of short liquidations and the Trump administration’s commitment to passing crypto regulations

The Commodities Futures Trading Commission today hosts its first Innovation Advisory… Related news Trump Ends War (On Crypto) At White House Summit, Pushes Clarity Act Vote 8/19/2026 The Senate sets date for Clarity Act vote. SEC proposes new rules for crypto offerings. Trump, crypto leaders speak at… 8/19/2026 The Senate sets date for Clarity Act vote.

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