Crypto Prices Skyrocket as Bond Buyback News Boosts Risky Assets

The cryptocurrency market has surged today while stocks fall. Bitcoin's price jumped by 10.3% to $72,090, Ethereum soared by 17.8% to $2,291, and XRP climbed by 20.4% to $1.25.

This unusual split comes after the Treasury announced it would double long-term bond buybacks. This move briefly crashed yields before they partly rebounded.

Falling yields make riskier assets like crypto more attractive, fueling the rally even as traditional markets struggled with the same news.