Bitcoin ripped from ~$64,100 to above $69,500 after the Treasury doubled planned buybacks for long-dated debt, helping pull the 30-year yield down from 5.34% to about 5.19%. The move triggered more than $1B in crypto liquidations within an hour. The catch: Treasury buybacks improve market liquidity—they are not QE. https://cryptoslate.com/bitcoin-price-hits-69500-as-over-400m-of-shorts-liquidated-because-us-doubles-treasury-debt-buybacks-to-crush-long-term-yields/(CryptoSlate)