Bitcoin Hits $68,000 as Treasury Moves Fuel Market Rally

Bitcoin surged six percent today, pushing the price above $68,000. This sudden momentum caught many traders off guard and triggered over $1.4 billion in liquidations for short positions. The market reacted strongly to news that the Treasury is doubling its bond buyback program.

The policy shift encouraged investors to move capital back into riskier assets. This broad optimism spread across the sector, with Ethereum and Solana also recording notable gains. Crypto related stocks followed suit as confidence returned to the trading desks.

Traders are now watching to see if Bitcoin can maintain this momentum above the current resistance level. While the market looks healthy, volatility remains a factor as the new Treasury strategy takes hold. Investors will monitor upcoming economic data for any signs that this bullish trend has staying power.