US Treasury Funding Plan Could Hit Crypto Liquidity Today

Bitcoin traders are closely watching today's U.S. Treasury funding plan as it could impact market liquidity and crypto prices.

The government will reveal how it plans to borrow money over the next few months, with many traders believing that this announcement could affect Bitcoin and other cryptocurrencies.

New data from the Federal Reserve shows that bank reserves fell by more than $77 billion last week, while the U.S. Treasury increased its own cash account.

When banks have less money available, liquidity across financial markets can be reduced, putting pressure on risk assets like Bitcoin.