Bitcoin surged to $79,000 as Treasury bond buybacks and digital asset regulation plans fueled investor optimism and crypto ETF inflows.
Bitcoin climbed to $79,000, its highest level in three months, after the Treasury Department announced expanded long-term bond buybacks. The move coincided with the Trump administration’s push for digital asset regulations, including the Clarity Act, boosting market confidence.
The rally follows a week of strong crypto ETF inflows and a rebound in crypto stocks. Earlier, bitcoin traded near $77K as the Dow Jones recovered from a sell-off, reflecting broader market stabilization.
Crypto short positions also surged, signaling heightened speculative activity amid the price surge. The CFTC is reportedly exploring new crypto regulatory frameworks, adding to the sector’s momentum.