Bitcoin Breaks Above $70,000
The crypto market has seen a surge as Bitcoin jumped over 11%, surpassing the $70,000 mark. The rally was mainly catalyzed by the US Treasury's decision to double its bond buyback limit to $4 billion per operation, causing a drop in Treasury yields and a weaker US dollar. Ethereum and top altcoins quickly followed the upward movement, with total 24-hour daily trading volumes surging over 260%.
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