Treasury Buy-Back Sparks Crypto Rally and Stock Bounce

The US Treasury's move to buy back its own bonds has had a ripple effect on global markets, causing Bitcoin and stocks to bounce back.

Bitcoin jumped more than six percent to around $77,188, its highest level since May, as the increased liquidity added to investors' risk appetite.

The cryptocurrency's rally was also spurred by US President Donald Trump's call for lawmakers to pass legislation encouraging crypto use.

Meanwhile, global stocks clawed back some of their recent losses, with the three main US stock indexes closing higher.