Bitcoin and crypto stocks extended their rally after the flagship cryptocurrency broke out of its trading range.

Bitcoin is up about 23% this week, on track for its best weekly gain since March 2023, as US Treasury bond buybacks lower yields and boost appetite for risk assets.

Bitcoin surged nearly 23% in a week to around $78,000, while Ethereum and major altcoins also rallied. Strong crypto ETF inflows, softer US dollar expectations, Treasury buybacks…