Bitcoin jumps further on U.S. crypto policy hopes

Bitcoin surged Friday on optimism over U.S. cryptocurrency legislation and the U.S. Treasury’s surprise move to buy back more of its own bonds, which fuelled a shift to riskier assets.

Bitcoin surged Friday on optimism over US cryptocurrency legislation and the US Treasury’s surprise move to buy back more of its own bonds, which fuelled a shift to riskier assets. The world’s biggest cryptocurrency by market value climbed 6.9 percent to $77,675.94, after reaching its highest level since May, and is up

Bitcoin closed at US$73,033, up 5.44%, after a US Treasury buyback plan and a short squeeze. Here is the Latin America read on the rally.

The 30-year Treasury yield fell nearly 9 basis points after hitting a 19-year high the prior session