Bitcoin and Ethereum surged above $69,500 and $2,000 on Wednesday after the US Treasury doubled planned buybacks of long-dated government debt. On Aug. 19, the Treasury Department said it will raise the maximum size of its liquidity-support operations for 10- to 20-year and 20- to 30-year secur...
Source: [CryptoSlate](https://cryptoslate.com/bitcoin-price-hits-69500-as-over-400m-of-shorts-liquidated-because-us-doubles-treasury-debt-buybacks-to-crush-long-term-yields/)