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Crypto Macro

Bitcoin Tops $68,000 as Short Liquidations Hit $1.7 Billion

Bitcoin surged past $68,000 amid a broader crypto rally after the U.S. Treasury announced plans to at least double its long-dated bond buybacks. Short positions accounted for 91% of the day’s liquidations, totaling $1.7 billion, as Ether gained 9% and total market value rose 5.1%.

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