Bitcoin Surges Past $74,000 on Buyback Support and ETF Inflows
Crypto prices surged today as Bitcoin reclaimed near $74,982, up 7.98% through the session. Ethereum traded above $2,350, gaining 4.62% over the past day.
XRP led the top 10 gainers, up 19.49% over 24 hours, followed by Solana, BNB, and Dogecoin in strong advances. The rally extended beyond spot demand alone, with institutional flows driving sentiment.
Treasury Secretary Scott Bessent's comment that debt buybacks could exceed $4 billion per operation boosted liquidity and risk appetite across digital assets. Spot Bitcoin ETFs logged $517 million in daily inflows, their strongest since May.
The SEC's proposed 'Regulation Crypto Assets' rulebook continues to draw industry comments this week, with Chairman Paul Atkins calling it a step toward clearer, fit-for-purpose crypto rules. The 60-day comment window adds fresh regulatory momentum to the broader market rally.