Bitcoin traded slightly above $77,000 on Saturday after retreating from a Friday high of $79,200, as markets assessed whether a Treasury-driven short squeeze marked the beginning of a sustained recovery. The rally accelerated after the U.S. Treasury said it would double buybacks of longer-dated government bonds to $4 billion per operation from $2 billion. The announcement pushed the 30-year Treasury yield down from a 19-year high of 5.34% to about 5.19%, reducing competition for capital from a non-interest-bearing asset such as Bitcoin. The yield decline helped unwind bearish crypto positions, with roughly $4 billion in short positions liquidated on Thursday and Friday after Bitcoin moved above resistance and its 200-day moving average near $69,000. Binance recorded $1.26 billion in Bitcoin futures trading during one 60-second period, funding rates reached exchange maximums, and U.S. Bitcoin ETFs drew about $650 million in net inflows. Renewed White House pressure for Congress to advance the CLARITY Act, which would create a clearer digital-asset regulatory structure, also supported sentiment. Analysts disagreed on whether the move confirmed the end of the bear market, with bullish observers citing short squeezes and technical breakouts while cautious analysts called for sustained ETF inflows and broader monetary easing. Traders are watching $80,000 as resistance and the $69,000 moving average as longer-term support. Ether rose 0.76% to $2,420.39, XRP gained 5.2% to $1.4967, Solana rose 2.2%, BNB gained 2.77% to $696.93, Cardano surged 4.50% to $0.2253, Dogecoin soared 7.21% and TRUMP rose 41.40%.