Treasury's Bond-Buyback Expansion Sends Bitcoin Price Soaring Past $77K

The cryptocurrency market saw a significant surge in Bitcoin's price after the Treasury Department announced a major expansion of its bond-buyback program.

The move, which was meant to calm a bond market under selling pressure, caught traders off guard and led to a sudden increase in Bitcoin's value.

By Friday, Bitcoin had surpassed $77,000, marking a significant break above the previously stuck price line of $67,000 that had held for weeks.

The Treasury's announcement also sparked a surge in gold prices and a decline in the dollar, as investors began to seek alternative assets.