XRP Rallies 10% on U.S. Treasury Liquidity Injection

On Thursday, the cryptocurrency market saw a broad rally driven largely by macro liquidity injections from the U.S. Treasury Department.

The primary driver of this rally was the announcement that the maximum size of its long-term bond buybacks would be doubled to $4 billion per operation, effective September 9.

This unprecedented intervention pulled U.S. Treasury yields down, making risk assets like cryptocurrencies more attractive and sparking a market-wide rise.

XRP was one of the biggest beneficiaries, surging 10% in value to reach $1.10, with some holders potentially earning as much as $12,000 per day.