According to CoinMeta, in the past week, the price of Bitcoin has risen by about $10,000, breaking through $77,000 for the first time and reaching a new high since May. The rebound reached $79,500 on Thursday, resulting in short sellers losing over $3 billion. Analysis indicates that this increase is related to the U.S. Treasury Department's doubling of its purchases of long-term bonds; previously, the price of Bitcoin had hovered between $60,000 and $65,000 for six weeks.