EconomyTreasury cash balance nears $1 trillion as Bitcoin awaits a crucial market signal
Treasury officials and market participants discussed whether excess government cash could be lent into the overnight repo market, but no program, amount or timetable was announced. Such a move might increase bank reserves, yet any benefit for Bitcoin would be indirect. A cash balance near $1 trillion is not money earmarked for repo lending.
Treasury cash balance nears $1 trillion as Bitcoin awaits a crucial market signal
Economy