Bitcoin's recent rebound driven by the alleviation of pressure from U.S. Treasury bonds
2026-08-21 00:10:57
According to CoinMeta, as reported by Coindesk, the rise in Bitcoin this week was driven by a relief in pressure on the U.S. Treasury market. The White House sent signals supporting the stability of the U.S. Treasury market, alleviating investors' concerns. Analyst Pedro Fontes stated that if the world's largest debt market requires policy support, it will strengthen the market's demand for scarce assets that do not rely on government debt expansion, and Bitcoin fits this characteristic. The U.S. Dollar Index fell 0.88% yesterday to 98.77, hitting a new low since May.
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Source:Internet
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