India, Aug. 19 -- Bitcoin jumped sharply after the US Treasury announced a major increase in its bond buyback operations. BTC rose about 6% after the announcement, while the broader crypto market also moved higher. The move came as investors saw the Treasury action as a fresh liquidity signal for financial markets.

The US Treasury is doubling the size of its long-term bond buybacks. The Treasury said it will increase liquidity-support buyback operations for longer-dated nominal coupon securities from a maximum of $2 billion per operation to at least $4 billion per operation, according to a Treasury press release.

The new buyback size will take effect on September 9 and continue through November 4, 2026. The program is designed to provid...