Bitcoin rises sharply, breaking above $70,000 and reaching more than $71,900, its highest level since May 31. One report says the move is roughly 4.1% on the day.
The rally is linked to a drop in bond yields and renewed risk appetite. One outlet attributes the strength to sinking yields and optimism tied to President Donald Trump, while another notes that the broader move across digital assets comes alongside a wave of short-position liquidations. Both describe a market shift toward confidence, with liquidations helping amplify the upward momentum.
