The US Treasury doubled its long-duration bond buyback program, injecting liquidity into the financial system and weakening the dollar, which triggered a violent short squeeze across the crypto market. Bitcoin surged near $77,000, posting a 23.6% gain over seven days and 7.8% over 24 hours. Spot Bitcoin ETFs absorbed roughly $1.6 billion from Monday through Thursday, their strongest weekly pace of 2026. The Fear & Greed Index swung from 29 (Fear) to 72 (Greed) in just days. Altcoins also rallied, with Ethereum climbing to around $2,400, Solana holding above $91, and XRP pushing past $1.40, while Bitcoin forks led the weekly performance with a 39.5% surge.
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