Bitcoin surges past $72K, its highest since early June, fueled by White House signals calming U.S. Treasuries and boosting Bitcoin’s appeal as a scarce, non-government asset. The dollar slips to a multi-month low, potentially fueling further Bitcoin gains if the trend continues. A massive $3B in short positions were wiped out, driving the rally—but rising borrowing rates hint at traders betting on a pullback. Bitcoin now targets $78K after breaking key resistance near $68K. Meanwhile, Elon Musk’s X is reportedly testing stablecoin payments for creators, possibly expanding crypto’s real-world use.
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