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Bessent Repurchases U.S. Treasury Bonds, So Why Is Bitcoin Rising?

On August 19, U.S. Treasury Secretary Scott Bessent significantly increased the limits for buying back long-term Treasury bonds (10, 20, and 30-year maturities), calling it a "Treasury Twist Operation." The goal was to lower soaring long-term yields, which had recently hit multi-decade highs, by boosting demand for these bonds. However, the effect on yields was brief and limited. The article explains that the Treasury's bond buybacks, funded by issuing more short-term debt or using its cash reserves, do not create new money but merely restructure government debt. Major factors pushing yields higher—such as large budget deficits, corporate borrowing for AI investments, inflation driven by rising oil prices, and Federal Reserve policy uncertainty—remained unaddressed, limiting the operation's impact. Instead of taming bond yields, the intervention was interpreted by markets as a sign of official concern over debt sustainability and potential future currency depreciation. This triggered a rally in assets perceived as hedges against such risks: Bitcoin surged toward $80,000, gold rose, and the U.S. dollar weakened. Further context includes Bessent's unusual suggestion for corporations to issue more medium-term ("belly") debt and the potential long-term role of dollar-pegged stablecoins (backed heavily by Treasuries) in influencing government borrowing costs. The move broke with the Treasury's traditional "regular and predictable" debt management approach. Analysts warn that such unexpected interventions could ultimately increase long-term borrowing costs if they erode investor confidence, creating a potential "Bessent put" similar to the "Greenspan put" for equities. Ultimately, the operation twisted markets for currencies and alternative assets more than the Treasury yield curve itself.

marsbit9小时前

Bessent Repurchases U.S. Treasury Bonds, So Why Is Bitcoin Rising?

marsbit9小时前

Deposits in RWA Tripled — Traditional Finance Chooses Blockchain

The decentralized finance (DeFi) sector is undergoing a structural shift, with tokenized real-world assets (RWA) taking center stage. According to a joint report by CoinShares and Token Terminal, deposits in RWA lending and trading platforms tripled year-over-year, reaching $7.4 billion in Q2 2026. This explosive growth starkly contrasts with a 15% decline in overall DeFi deposits and a nearly 70% drop in DEX trading volumes over the same period. Analysts highlight this divergence as evidence of a fundamental shift: demand is driven not by speculation but by the genuine utility of blockchain for traditional finance. The primary drivers are tokenized U.S. Treasury bonds and multi-strategy funds, like BlackRock's BUIDL, which investors use as reliable collateral to secure stablecoin loans while earning yield. The Ethereum network hosts about 70% of all RWA collateral. Beyond government bonds, the tokenization of equities and commodity derivatives is advancing. The tokenized equity market is estimated at $2.2 billion, while perpetual futures on assets like oil and the S&P 500 have seen explosive growth on platforms like TradeXYZ. Standard Chartered projects the total tokenized asset market could reach $4 trillion by 2028. This growth signals that RWA has moved beyond crypto market cycles, offering tangible value, deep liquidity, and 24/7 global access, marking a new phase of institutional scaling for blockchain-based finance.

cryptonews.ru21小时前

Deposits in RWA Tripled — Traditional Finance Chooses Blockchain

cryptonews.ru21小时前

Bitcoin Approaches the $80,000 Mark! Will This Rise Continue? Analysts Warn!

Bitcoin's recent surge is nearing the $80,000 mark, but analysis from CoinShares suggests the price could retreat below this level in the short term. According to the firm, a sustained breakthrough above $80,000 would require a clear signal from the U.S. Federal Reserve that it will not enact further monetary policy tightening. The report attributes Bitcoin's recent gains primarily to macroeconomic conditions, specifically moderated U.S. inflation and weakening labor market data, which have reduced expectations for more aggressive Fed actions. Despite hawkish tones in recent FOMC meeting minutes, subsequent data has further diminished the likelihood of additional policy tightening. Bitcoin, being sensitive to liquidity expectations and real interest rate changes, reacted sharply to these developments. Market indicators show a decline in short-term U.S. Treasury yields, suggesting investors do not anticipate further rate hikes. Conversely, high 30-year Treasury yields reflect persistent concerns about U.S. fiscal prospects and debt sustainability. Analysts note that this combination of expected monetary easing and long-term bond market worries has historically created a favorable environment for Bitcoin. The rally was partly fueled by large-scale short position liquidations, with blockchain data indicating renewed accumulation by major investors. However, CoinShares warns that the $80,000 level will likely remain a critical resistance ceiling unless the Fed explicitly confirms a shift in policy risks.

cryptonews.ru08/21 18:55

Bitcoin Approaches the $80,000 Mark! Will This Rise Continue? Analysts Warn!

cryptonews.ru08/21 18:55

Bitcoin Soared 23% This Week: Largest Surge Since 2023

Bitcoin surged over 23% this week, marking its strongest weekly gain since March 2023. The price briefly approached $80,000, rising from around $71,000, before correcting to approximately $77,800. Key drivers for the rally include US economic news, specifically the Treasury Department's announcement to double its buyback of long-term bonds. This mirrors a similar surge in 2023, which was triggered by US emergency banking sector loans following several bank failures.

cryptonews.ru08/21 11:29

Bitcoin Soared 23% This Week: Largest Surge Since 2023

cryptonews.ru08/21 11:29

Risk Dimensions Consulting Head Explains Link Between Bitcoin Price and U.S. National Debt

The head of consulting firm Risk Dimensions explained the connection between Bitcoin's price and the U.S. national debt. He commented on U.S. Treasury Secretary Scott Bessent's plan to regularly buy back long-term Treasury bonds, initially with $4 billion, a move seen as atypical and potentially a response to rising long-term borrowing costs. He expects these buybacks could increase to $10–30 billion per month. High Treasury yields currently make them more attractive than risky assets like Bitcoin, potentially drawing investors away from crypto. The bond buybacks are intended to support their prices and curb further yield increases. Another factor is the potential easing of the Supplementary Leverage Ratio (SLR), which would allow banks to hold more bonds. The executive stated that Bitcoin's movement toward a first target of $180,000 is contingent on these developments. In the short term, he views $72,000 as a key level for Bitcoin, with the risk of falling below it if there's no progress on the CLARITY cryptocurrency regulation bill. Previously, a Standard Chartered analyst predicted Bitcoin could reach $100,000 by year-end, supported by increased liquidity in the U.S. Treasury market.

cryptonews.ru08/21 11:28

Risk Dimensions Consulting Head Explains Link Between Bitcoin Price and U.S. National Debt

cryptonews.ru08/21 11:28

U.S. Market Trend (August 20): U.S. Treasury Intervention Halts Stock Decline; Moderna's Cancer Vaccine Breakthrough Sparks 180% Surge

U.S. Stocks Rebound on Treasury Intervention; Moderna Soars 180% on Cancer Vaccine Breakthrough Key Points: • U.S. stocks ended a three-day decline, with the rebound driven primarily by the U.S. Treasury Department's move to significantly increase its long-term bond repurchase ceiling. This action briefly pushed the 30-year Treasury yield down by about 10 basis points, easing long-term interest rate pressures. • Despite this, the market faced a countervailing force from the hawkish July FOMC meeting minutes, which revealed broader support for potential rate hikes among officials due to lingering inflation concerns. • Moderna shares skyrocketed nearly 180% after announcing positive Phase 3 trial results for its personalized mRNA cancer vaccine in partnership with Merck, which also rose nearly 13%. This fueled a major rally in the healthcare sector. • Contrary to the broader market, the Philadelphia Semiconductor Index fell over 2%, highlighting persistent pressure on the AI hardware chain. Concerns include AI's potential inflationary impact and questions about application-side cash flows supporting high capital expenditures. • Commodities and cryptocurrencies rallied alongside the equity rebound, supported by a weaker dollar and lower long-term yields. Geopolitical risks continued to underpin oil prices. Outlook: Market focus shifts to whether long-term bond yields stabilize post-intervention, upcoming U.S. economic data (jobless claims, Philly Fed index), and the impact of SK Hynix's massive share buyback plan on the memory chip sector. The tech sector's full recovery remains contingent on the semiconductor index's performance.

marsbit08/20 01:36

U.S. Market Trend (August 20): U.S. Treasury Intervention Halts Stock Decline; Moderna's Cancer Vaccine Breakthrough Sparks 180% Surge

marsbit08/20 01:36

Bitcoin price surge followed by optimistic forecast!

Standard Chartered analyst Geoff Kendrick predicts Bitcoin could reach $100,000 by the end of 2026. He identifies the key short-term technical level to watch is $65,500, stating a move above this would signal the bottom of the current market cycle has been passed. Kendrick bases his bullish outlook not only on the cryptocurrency's four-year cycle dynamics but also on recent U.S. Treasury measures to boost bond market liquidity. The Treasury announced it will at least double the maximum size of its buyback operations for certain long-term bonds from September 9 to November 4. Kendrick views this liquidity provision favorably for Bitcoin, noting similar past actions have benefited the asset, and the announcement has already helped lower long-term bond yields, easing pressure on global financial markets. (This is not investment advice.)

cryptonews.ru08/19 19:11

Bitcoin price surge followed by optimistic forecast!

cryptonews.ru08/19 19:11

RWA DeFi Deposits Approach $4 Billion After Six-Fold Growth in a Year

The total value of real-world assets (RWA) actively utilized within DeFi protocols has surged to nearly $4 billion ($3.98B), marking a sixfold increase over the past year and an astounding 300x growth over three years. While the total market for tokenized assets stands at $34.55 billion, only about 11.5% of these are actively deployed on-chain in lending pools, DEX liquidity, or vaults. A key distinction lies in asset utilization. Tokenized treasury offerings like BlackRock's BUIDL, representing over $3 billion, see minimal on-chain usage (e.g., 0.66% for BUIDL) as they primarily serve institutional cash management. In contrast, the active $3.98 billion DeFi RWA market is dominated by private credit ($2.13B) and reinsurance ($406.45M), where assets like collateralized loan obligations (CLOs) are heavily utilized as crypto lending collateral, with some protocols reporting utilization rates exceeding 90-150%. The report concludes that the future trajectory of RWA depends on whether new tokenizations follow the low-utility model of treasury funds or the high-utility model of credit and reinsurance assets. Growth in the utilization rate, not just issuance volume, will determine if RWAs become fundamental working collateral in crypto markets.

cryptonews.ru08/18 06:40

RWA DeFi Deposits Approach $4 Billion After Six-Fold Growth in a Year

cryptonews.ru08/18 06:40

85% of the Cryptocurrency Market's Bear Cycle is Already Behind — DeFi Report

According to DeFi Report, the price action of Bitcoin and altcoins strongly resembles previous periods of market bottom formation. Trading volumes in both spot and futures markets have fallen to their lowest levels since late 2019. Additional negative pressure is coming from Bitcoin miners selling their holdings, with some repurposing their energy infrastructure for artificial intelligence. Broader risk assets are also facing headwinds from the rise in 30-year US Treasury yields above 5.2% (a 20-year high) and the Federal Reserve's monetary policy. However, experts note a 15% rise in gold prices amid persistent inflation risks, indicating investor demand for safe-haven assets. DeFi Report suggests that a further increase in global liquidity could drive some of this capital into Bitcoin, boosting its price. Earlier analysis from Wintermute also pointed to signs of the crypto bear phase concluding, as major cryptocurrencies have shown resilience despite economic turbulence. The report concludes that approximately 85% of the crypto bear market cycle is now behind us.

cryptonews.ru08/14 11:26

85% of the Cryptocurrency Market's Bear Cycle is Already Behind — DeFi Report

cryptonews.ru08/14 11:26

Bitcoin Started the Week with a Rise Above $65,000, But It Could Be Under Threat

Bitcoin started the week by rising above $65,000, adding nearly 3% for the week. The upcoming US inflation data for July is a key event, with weak employment figures released the previous Friday easing concerns about the US Federal Reserve raising interest rates. Ethereum traded around $1919 with a weekly gain of 2.8%. BNB rose 0.3% to $603, up 3.5% for the week. Solana showed the strongest performance, rising 1.1% on the day to over $77 and 5.3% over seven days. XRP was the only major token to decline, falling 0.4% to $1.03 and 4% for the week. Hyperliquid's HYPE also fell 1% to $54 but maintained a 3% weekly gain. Stocks set the tone, with the MSCI All Country World Index rising 0.1%—its seventh gain in eight sessions. Oil moved in the opposite direction; Brent crude rose 1% to $84.40 per barrel, extending gains over 5% in three sessions as Iran rejected talks with the US, making a resumption of shipping through the Strait of Hormuz seem unattainable. The HCN AI Analyst tool evaluates Bitcoin's prospects for the week as neutral with a moderate bias towards growth. The base scenario targets $66,079 (a 1.7% increase), with a 25% probability of a bullish rise to $67,378. The main risk is a drop to $63,658 if demand weakens.

cryptonews.ru08/10 11:19

Bitcoin Started the Week with a Rise Above $65,000, But It Could Be Under Threat