Surprise Treasury bond intervention sparks bitcoin surge, wiping out bearish bets

Bitcoin jumped above $77,000 on Friday after the Treasury announced a significant increase in long-term bond buybacks, which weakened the dollar and boosted alternative assets. The move liquidated over $4 billion in short positions, as traders had expected bitcoin to stay below $67,000. Gold also rose, and the national debt hit a record $40 trillion the same day.