According to former BitMEX CEO Arthur Hayes, battles over the US debt ceiling create clear cash swings that move markets. When the Treasury spends down its main checking account — the Treasury General Account, or TGA — new dollars enter the system and lift risky assets. Later, when the Treasury refills the TGA by selling…
View More Bitcoin Poised For Lift-Off As Key Bullish Catalysts Kick In: Ex-CEO
Bitcoin fell sharply Thursday after the US Treasury made clear it will not add to a planned Bitcoin reserve through new purchases. Prices had earlier rallied to an intraday high near $124,120, but traders saw gains reverse and the token backpedaled to around $118,550 later in the session. Markets were jittery, and parts of the…
View More JUST IN – Bitcoin Dips Below $119K — Treasury Secretary’s ‘No Buys’ Reverberate Through Markets
A rumor is rapidly spreading among crypto investors that the US government may have quietly sold off nearly 170,000 BTC, leaving a fraction of its assumed holdings intact. The speculation began after the US Marshals Service, in response to a FOIA request, revealed that it currently holds only 28,988 BTC valued at approximately $3.4 billion. …
View More Did The US Government Dump 170,000 BTC? Marshals Reveal Shocking Bitcoin Holdings