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US Treasury Completes Another $6 Billion Buyback as Bitcoin Remains Below $80,000
(1 hour ago) · 1 source · Summarized by CryptoBipto
The US Treasury has conducted another $6 billion buyback of government debt, a move some market participants had expected to boost risk assets like Bitcoin. Despite this, Bitcoin has remained below $80,000, prompting discussion about why the expected rally has not materialized.
WHY IT MATTERS
When the US government buys back its own debt, it is essentially putting cash back into the hands of bondholders, which increases the amount of money circulating in the financial system.
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SOURCES
- beincrypto.com
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