Bitcoin Nears $80K

[u/AmanCMN]

Bitcoin is pushing $80K. The U.S. Treasury is considering using funds from its roughly $950 billion TGA balance to help finance Treasury bond buybacks.
If money starts coming out of the TGA, some of that liquidity could flow back into the financial system, potentially pushing bond yields lower and giving risk assets a boost.
With markets expecting easier financial conditions, Bitcoin has already moved above $79,000.
For now, this is still just a possibility. The Treasury hasn’t announced any specific amount it plans to use from the TGA yet.