Bitcoin and gold rose as the dollar weakened following expanded Treasury bond buybacks, reflecting concerns about U.S. fiscal policy.

The US Treasury doubled its bond buyback operations to $4 billion, sparking a rally that pushed Bitcoin past $70K and gold to $4,485 per ounce.

Bitcoin surged 23% to the upper $70Ks after Ray Dalio warned of a US debt crisis within three years and advised investors to hold gold and