EconomyBitcoin faces a strange new macro reality as the Fed tightens and Treasury expands buybacks

Bitcoin’s rally began after the Treasury said it would raise the cap on selected buybacks of long-term government bonds from $2 billion to $4 billion per operation. The Fed kept rates at 3.50%–3.75%, while some officials favored another hike. Treasury support improved trading liquidity but did not produce a lasting fall in long-term yields, and higher real yields increased the opportunity cost of holding bitcoin, which generates no return.

BitcoinFederal ReserveUS TreasuryTreasury yields

CCryptoSlate★★☆☆☆2026-09-06 19:00Original