Bitcoin Jumps $10,000 in a Week as Shorts Lose $3 Billion

Bitcoin surged roughly $10,000 over the past week, breaking above $77,000 for the first time since May after the U.S. Treasury doubled its long-dated bond buybacks. The rally briefly touched $79,500 yesterday, wiping out billions in short bets. Bitcoin had spent six weeks pinned between $60,000 and $65,000 before the move.