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Bitcoin Prices: How Crypto Got An Unintended Boost From The U.S. Government

Bitcoin Prices: How Crypto Got An Unintended Boost From The U.S. Government

Bitcoin prices and other cryptos got help from an unlikely source: investors betting on assets that would benefit from a freshly weakened dollar. Last week, U.S. Treasury Secretary Scott Bessent signaled his federal agency would double its long-term government debt purchases, effectively using the power of the Treasury to counter rising inflation and borrowing costs. The proposed moves would amount…

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