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Crypto Shares Rally on Treasury Buybacks

Cryptocurrency stocks surged after the Treasury announced plans to double buyback sizes for long duration debt. President Trump also urged Congress to pass digital asset legislation.

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FILE PHOTO: Sparks strike representation of cryptocurrency Bitcoin in this illustration taken November 24, 2024. REUTERS/Dado Ruvic/Illustration/ File Photo

Cryptocurrency-related stocks surged on Thursday after the United States Treasury Department doubled buyback sizes for long-duration debt. Bitcoin climbed 3.48% to $71,505.
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