Treasury Secretary Bessent eyes $935B cash buffer for expanded debt buybacks, doubling maximum size to $4B. Bitcoin jumps near $79K as crypto

US Treasury doubled long-duration bond buybacks, triggering a massive crypto short squeeze. Bitcoin surged near $77K as spot ETFs absorbed $1.6B

Bitcoin surged nearly 25% after the US Treasury doubled its long-dated buyback operations, triggering a massive short squeeze and risk-on rally.