Key Facts
Bitcoin closed at US$73,033 a 5.44% daily gain that reclaimed the 200-day moving average for the first time in nine months.
XRP led the major tokens rising 14.85% to US$1.2684 as a wave of short covering amplified the broader advance.
The rally began on Wednesday with a US Treasury announcement to at least double liquidity-support buybacks for 10-to-30-year debt from up to US$2 billion to at least US$4 billion per operation.
More than US$1 billion in short positions was liquidated within one hour of the breakout, forcing bearish traders to buy back coins at higher prices.
