Crypto
US Treasury Set for $16.5 Billion Bond Repurchase Operation on September 9th
The US Treasury will conduct a large-scale bond repurchase operation on September 9th, purchasing up to $16.5 billion in assets.
This move is being closely watched by markets, with many expecting it to impact short-term price movements for Bitcoin and XRP. According to the source, XRP's price has been influenced by this potential influx of cash, currently trading at $1.41.
A total of $38.25 billion in bonds will be removed from the market over the course of September, with the CLARITY Act vote scheduled for September 15th adding extra uncertainty to markets.