Bitcoin Price Spikes Above $72,000, Treasury Bond Plan Sparks Short Squeeze

The price of bitcoin on Thursday bolted to a two-month high near $73,000, driving crypto stocks higher. The Treasury Department’s Wednesday announcement regarding long-term bond buybacks appeared to spark the rally, further fueled by a massive wave of short liquidations and the Trump administration’s commitment to passing crypto regulations. The Commodities Futures Trading Commission today hosted its first Innovation Advisory…