The US Treasury announced it's doubling its debt buyback operations — from $2 billion to at least $4 billion per round, starting September 9. Markets moved fast: Treasury yields dropped, stocks rallied, Bitcoin followed — up 6% to
$69,749, the highest since June 2.It's not debt repayment, just reshuffling maturities — Boockvar said so on CNBC. But markets heard "liquidity" and ran with it.
One thing keeping a lid on it: Bitfinex says stablecoin supplies on exchanges are down $14 billion since May. No dry powder, shaky rally. Via Cointelegraph.