Bessent arms Treasury with $950B cash reserve as bond yields surge

Crypto Insight Summary: The Treasury may tap its roughly $950 billion General Account to help fund larger purchases of U.S. government bonds as long-term yields climb again. Two senior Treasury officials reportedly said the cash is available. Treasury last week doubled planned buybacks of older, off-the-run long-dated securities from $2 billion to at least $4 billion per operation.... Crypto Insight Analysis: Direction: Bearish BTC / Bearish ETH Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Treasury bond buybacks may reduce liquidity in crypto markets as investors shift to bonds.