The price of bitcoin rallied to a two-month high. Treasury bond plans spark short squeeze, Trump admin reaffirms crypto support.

BTC rose 6% while ether, solana and crypto stocks climbed after the Treasury doubled the size of its bond buybacks.

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.