Trump called on the United States Congress to move ahead with a bill that was considered to be conducive to the encryption industry, so that the encryption market would feel warmer. Bitcoin, the Taifung and other major coins are high, and markets are also supported by the United States Treasury Department's expanded long-term bond buy-back.
Policy statements drive risk preferences
The report mentions that Trump again expressed support for the encryption industry and proposed plans to purchase a considerable amount of bitcoin. This statement reinforces the market ' s expectations of a shift towards a friendly United States policy environment.
The Treasury's repurchase has depressed long-term returns.
The United States Department of the Treasury announced a significant increase in the scale of repurchases of 20-year and 30-year-old national debt, driving down the long-term rate of return. Some marketers argue that this has increased the attractiveness of high-risk assets, benefiting from bitcoin.
It rose to three months' height.
Over the past six weeks, bitcoin has fluctuated between $62,000 and $66,000. With the convergence of policy and macro-level messages, market volatility has increased. Thomas Lee, a co-founder of Fundstrat, said that the recent increase had triggered the second largest emptiness in history.
The CoinGecko data show that the ETA has risen by about 19 per cent over the past seven days to $2251. Geoffrey Kendrick, Director of Digital Assets Research, Scum Charter Bank, argued that the United States Treasury Department ' s expansion of long-term public debt buy-backs was in the macro environment where Bitcoin usually benefited.