Woofun AI reports that Bitcoin (BTC) breached the $68,000 threshold during U.S. morning trading, a price action directly attributed to Treasury Secretary Scott Bessent's decision to double the scale of bond buyback operations. This strategic expansion was interpreted by market participants as a critical liquidity backstop for the $30 trillion-plus Treasury market, immediately shifting sentiment toward risk assets.

The resulting volatility erased approximately $1.4 billion in short positions within a four-hour window, as traders rushed to cover bearish bets amid the 6% daily gain.

Woofun AI data shows that this liquidity injection rippled across traditional and digital assets, with gold climbing 2.7% to $4,528 per ounce, marking its highest valuation since early June. The broader crypto sector mirrored this strength, with Bullish (BLSH) leading equity gains at nearly 13%, followed by Coinbase (COIN) rising 11%.

Altcoins demonstrated even sharper momentum, outperforming Bitcoin in the rally. Ether (ETH) climbed 8.44% to $2,084, reaching levels unseen since May 27, while Solana (SOL) advanced 7% to $82. Open interest on ETH trading pairs spiked from $11.7 billion to $13 billion before retracting to $12.5 billion, indicating a surge in leveraged long positions preceding the short squeeze.

This market movement precedes a high-stakes meeting between U.S. President Donald Trump and key industry figures, including Securities and Exchange Commission (SEC) Chair Paul Atkins and Commodities and Trading Commission (CFTC) Chair Mike Selig. Representatives from Nasdaq, the New York Stock Exchange, CME Group, and the Depository Trust & Clearing Corporation (DTCC) are also scheduled to attend, signaling a coordinated effort to address regulatory frameworks. This convergence of monetary policy shifts and regulatory dialogue marks a pivotal moment for institutional adoption.