Crypto Market Surges as Bitcoin Hits 11-Week High on Treasury Liquidity News
The crypto market surged in the past 24 hours as Bitcoin traded near $68,945, up 7.7% and reaching an 11-week high of $69,749.
Ethereum led the gains with a 17.8% increase to trade above $2,235, while XRP and Solana rose about 10% each.
The rally was fueled by US Treasury's decision to double long-term bond buybacks, triggering a $2.98 billion liquidation in the market.
President Trump also met with crypto executives and promoted the CLARITY Act, which aims to boost liquidity, regulatory clarity, and token adoption.