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Coinpedia
2023-12-06 10:11:44

Bitcoin Rallies Amid U.S. Treasury Bond Market Turmoil and Growing Influence of Stablecoins

Bitcoin Rallies Amid U.S. Treasury Bond Market Turmoil and Growing Influence of Stablecoins

The post Bitcoin Rallies Amid U.S. Treasury Bond Market Turmoil and Growing Influence of Stablecoins appeared first on Coinpedia Fintech News In the dynamic world of finance, Bitcoin’s recent rally has sparked widespread attention. This surge coincides intriguingly with the United States government’s purchase of bonds through stablecoins, notably USDT Tether. This situation unfolds against the backdrop of a staggering $24 trillion problem haunting Wall Street, centering on the plummeting value of U.S. Treasury bonds. At …

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