Bitcoin surpassed $75,000 for the first time since late May, posting an 18% gain in less than two days after rising by over $11,000 in 48 hours. Analyst Ali Martinez officially declared that the bitcoin bull market has begun, noting that the asset has built strong support between $62,000 and $63,000 with no major resistance until $83,300. The US Treasury Department announced it would double the maximum size of liquidity-support buybacks for longer-dated government debt, which was viewed as positive news for risk-on assets. Among other cryptoassets, ether surged from $1,900 to nearly $2,400, while XRP holds 30% above its $1.00 support level. Forecasters including Anthony Scaramucci and Standard Chartered have set a $100,000 price target for BTC.
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