Bitcoin blew past $68,000 on Wednesday, jumping nearly 3% over a 24-hour period after news dropped that the U.S. Treasury planned to more than double the size of its government debt repurchases. 

The price of Bitcoin was recently at $68,473 at 10.30am in New York after briefly touching $68,982. The sharp jump came as yields dropped. 

Over the past week, the biggest and oldest cryptocurrency is up over 3%. Bitcoin had recently been flat over a 30-day period but is now also up by close to 3%. 

The Treasury Department said Wednesday that it will more than double the size of its government debt repurchases due to fixed income markets under pressure and yields surging to…

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