According to CoinMeta, the price of Bitcoin soared earlier on Thursday due to the Treasury Department's bond buyback plan, breaking through $71,000 and reaching a two-month high, which drove up prices of crypto stocks. The announcement by the Treasury Department on Wednesday seemed to trigger this rebound, which was then further fueled by large-scale short liquidations and the impact of the Trump administration's commitment to regulate cryptocurrencies. The Commodity Futures Trading Commission held its first Innovation Advisory Meeting today.