Bitcoin Hits 11-Week High as US Treasury Doubles Debt Buybacks

Bitcoin surged to an 11-week high on Wednesday as global markets reacted to the US Treasury’s decision to at least double the size of its debt buyback operations. Bitcoin (BTC) climbed around 6% during the day to reach $69,749, its highest level since June 2. The cryptocurrency…

Bitcoin surges past $68,000 as treasury doubles bon buybacks, sparking crypto rally Bitcoin surged more than 6% on Wednesday, August 19, briefly touching $69,700 after the U.S. Treasury announced it would double its long-term bond buyback operations, prompting a broad rally…