Markets & Trading

Digital currencies and traditional equities rallied Thursday following the U.S. Treasury Department's announcement to expand its bond repurchase program.

A sharp price surge pushed Bitcoin above $69,000, triggering $2.74 billion in short liquidations across the crypto market within a 24-hour period.

Rapidly growing power demands from advanced Nvidia server racks and AI data centers are straining utility grids and creating physical infrastructure bottlenecks.

Bitcoin briefly crossed $70,000 for the first time since early June, driven by a U.S. Treasury buyback expansion and a White House cryptocurrency policy push.

The total crypto market capitalization jumped about 9.32% to $2.34 trillion following a US Treasury bond buyback announcement that lowered yields and triggered a massive short squeeze.