Bitcoin approaches $72,000 following a U.S. Treasury announcement and favorable remarks from President Donald Trump.

Bitcoin rose above $68,000 and ether gained 9% after the U.S. Treasury doubled long-end bond buybacks, forcing $1.91 billion of liquidations, 91% of them shorts.

Bitcoin jumps 5%, reaches $68,000 before White House crypto meeting and hopes for CLARITY Act vote in September.