economy
Bitcoin posts surprise rally as currency nears $70,000 for the first time since June
Bitcoin has found some relief after months of selling pressure. On Wednesday, the cryptocurrency jumped nearly 6% to over $69,000, reclaiming a level it had not touched since early June. The jump came right after the Treasury Department announced that it would double purchases of older long-term government bonds.
TL;DR
- Bitcoin's price increased by nearly 6% to over $69,000.
- This is the highest price Bitcoin has reached since early June.
- The rally followed an announcement by the Treasury Department to double purchases of older long-term government bonds.