The US Treasury injected $500 billion into markets by drawing from its General Account (TGA), boosting Federal Reserve liquidity to $6.3 trillion. This liquidity injection stemmed from reaching the debt ceiling and using "extraordinary measures". The TGA drawdown, starting in February, is expected to reach $600 billion by April, potentially rising further. Analyst Tomas suggests this could positively impact Bitcoin's price. Studies show a strong historical correlation between Bitcoin's price and global liquidity. Past TGA drawdowns have fueled Bitcoin's growth, indicating potential for future price increases. Analyst Titan of Crypto predicts Bitcoin could hit $137,000 by July-August 2025. However, Bitcoin needs to break above key moving averages to confirm this bullish outlook. This information is not financial advice; readers should conduct their own research before investing.
cointelegraph.com
cointelegraph.com
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