Bitcoin has suddenly surged by more than 10% over the last 24 hours, following quiet signs an even bigger move could be around the corner.

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The bitcoin price has topped $70,000 per bitcoin after spending months at around $60,000, with BlackRock sending the market a surprise signal earlier this month. Ethereum, up 20%, and other major cryptocurrencies including Ripple’s XRP, up 15%, and Hyperliquid’s hype, up 25%, also rocketed higher.

Now, as the Federal Reserve grapples with its bitcoin nightmare coming true, U.S. federal-government debt has passed $40 trillion for the first time—just as the Treasury said it will buy back more long-term government bonds in a desperate attempt to contain soaring borrowing costs.

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