The encryption market is high on Wednesdays, bitcoin is moving up and breaking $70,000, and the utco is growing by about 20% a day, and Solana is getting better. However, the overall performance of the Yamaya coin is still divided, with a few tokens increasing by only about 5 to 7 per cent, and some varieties still close to their previous lows.
The increase was driven first by a concentration of air, followed by the United States Treasury's restructuring of long-debt buy-back arrangements, and continued signals from the Trump administration in support of the encryption industry, leading to a return to market risk.
About $1.2 billion an hour.
Coinpedia invoked market data to claim that bitcoin triggered an empty silo of approximately $1.2 billion within an hour. As prices rose rapidly, the traders who had been forced to buy back their positions had further amplified their mobility.
Bitcoin rose by more than 8 per cent in the daytime and rose to a high level since 2 June, then to the $70 million level. While the trade volume has been amplified with the upswing in prices, there is still some pressure to sell in the region, suggesting that the market is not completely out of shock.
U.S. Treasury upped the debt buyback.
Another factor driving the improvement in market sentiment was the decision of the United States Treasury Department to increase the monthly buy-back of long-term national debt. According to the article, the Department of the Treasury plans to increase the amount of the monthly buy-back from $2 billion to at least $4 billion, which relates to United States Treasury bonds of 10 to 30 years.
This arrangement, to be launched on 9 September and continued until 4 November, aims to improve long-term United States debt liquidity. As the total United States debt approached $40 trillion, there was widespread interest in the moderate effect of the initiative on long-term rates of return.
Risk assets tend to gain easier access to capital inflows when the financial environment is marginal to the encrypted market. According to the article, Bitcoin and other encrypted assets benefited from this.
Trump's statement and the project news boosted his emotions.
During the market boom, Trump met with several encryption executives at the White House. When asked whether the United States Government would establish a larger Bitcoin or other secure asset hold, Trump indicated that the idea had been discussed and that he would consider the recommendations made by the consultant.
However, this statement does not mean that the United States Government has confirmed that it will buy bitcoin on a large scale. Meanwhile, the Chief Executive Officer of Trump and Coinbase Brian Armstrong called on Congress to promote the Clarity Act. According to Armstrong, key polls are expected to take place on 15 September.
In addition to macro and policy signals, some tokens are also driven by the progress of their respective projects. HYPE in Hyperliquid rose by about 11 per cent at one time, as Trump stated that the Government was promoting the project ' s access to the United States market through legal compliance. In relation to Projective, its associated entities are eligible to register with the United States Commission for Transfer Agent Services, which will support its move in the direction of monetized assets.
The article also mentioned that another major line at the White House meeting was the monetization of money and assets. Chainlink co-founder Sergei Nazarov stated that the use of stable currency and the monetization of United States assets was expanding, while Rodad Tenev, CEO of Robinwood, said that monetized stocks could become an important part of the financial system in the future.
Robinhood has now provided United States share currency openings on its block chain, increasing the number of tradable stock notes from 90 to 190 and opening up all-weather transactions to users in more than 120 countries and regions.
In short, the market will continue to focus on bitcoin ETF flows, spot trade, miners' pressure on sales, inflation data, and the Fed’s September consensus decision. These factors will affect the sustainability of the current round of rebounds.