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Bitcoin is up 10.97% to $71,995.94 in 24h, leading a broad market rally primarily driven by a major US Treasury policy shift that weakened the dollar and ignited a historic short squeeze. It shows a strong correlation (-65%) with the S&P 500, indicating a macro-driven move. 1. Primary reason: US Treasury's bond buyback expansion, a form of quantitative easing that weakened the dollar and boosted demand for scarce assets like Bitcoin. 2. Secondary reasons: A record-breaking short squeeze