Bitcoin jumps 10% above $79,000 as Dow rises 0.5% and Bessent expands bond buybacks past $4 billion per issue
AI Market Summary
Risk sentiment improved as Bitcoin surged ~8–10% toward $79,000, helped by momentum around US crypto regulatory clarity, strong spot ETF demand, and short-covering liquidations. The US Treasury’s expanded long-dated debt buyback plan was initially interpreted as liquidity-supportive, lifting broader risk assets despite persistent rate volatility. Equities opened higher and crypto-linked stocks outperformed, while geopolitical Iran-related risks kept energy and inflation concerns in focus.
Impact level
● High
Affected assets
BTC/USDT+6.76%
AI Insight · BTC/USDTAI Insight
▲ Bullish
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Bitcoin climbed 10% intraday, pushing above $79,000 and setting up its biggest weekly gain in nearly three years. US stocks also edged higher, with the Dow up 0.5% and the S&P 500 and Nasdaq each about 0.4%. US Treasury Secretary Scott Bessent said the government would expand its bond buyback programme, with each buyback exceeding $4 billion.
