Bitcoin is surging toward its best weekly gain in two years after Treasury and crypto policy boosts

A Treasury bond buyback expansion and a White House push for crypto legislation combined to lift Bitcoin nearly 23% this week

The move began Wednesday when the Treasury Department announced it would at least double the size of its bond buyback operations for longer-dated securities, raising the per-operation maximum from $2 billion to at least $4 billion for the 10-to-20-year and 20-to-30-year sectors. Yields on long-dated Treasuries fell sharply in response, easing pressure on risk assets and drawing buyers into cryptocurrency markets. Wednesday's bond-market reaction was substantial: the 30-year Treasury yield shed nine basis points, and according to CoinDesk, a Bloomberg gauge tracking Treasuries with maturities of 20 years or longer recorded its sharpest one-day advance since February 2025.