Bitcoin’s faces a weird new macro reality as the Fed turns off the tap and Treasury opens the floodgates
Bitcoin's current rally started when the Treasury Department announced on Aug. 19 that, beginning Sept. 9, it would at least double the maximum size of certain buyback operations for government bonds with 10 to 30 years left to maturity, raising the cap from $2 billion to $4 billion per operation. Simply put, the Treasury was […] The post Bitcoin’s faces a weird new macro reality as the Fed turns off the tap and Treasury opens the floodgates appeared first on CryptoSlate.
Key Takeaways
- Bitcoin's current rally started when the Treasury Department announced on Aug.
- 19 that, beginning Sept.
- 9, it would at least double the maximum size of certain buyback operations for government bonds with 10 to 30 years left to maturity, raising the cap from $2 billion to $4 billion per operation.
Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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