How Scott Bessent Jolted Bitcoin 20% Higher: Crypto's Historic Rally Deciphered
Bitcoin may benefit from dovish U.S. policy as Treasury supports long-term bonds, reviving debasement trades. Liquidations and ETF inflows also boosted its rally.
Bitcoin's price jumped 20% because people think the government might keep money cheaper for longer, and more investors bought bitcoin through new investment tools. When you look at bitcoin, you can watch if people keep believing the government will keep money easy—that's what's helping it right now.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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