MarketPR
$BTC rallied toward $80,000 last week, posting its best weekly gain in years after Treasury Secretary Scott Bessent's plan to at least double long-dated Treasury buybacks pulled yields lower, weakened the dollar, and reignited the debasement trade.
The move broke Bitcoin above its 100- and 200-day moving averages and pushed its 14-day relative strength index into overbought territory. Congressional passage of the Clarity Act is the next policy catalyst to watch.
The mechanism is familiar to anyone who has watched on-chain flow bleed into equities.
Bessent's buyback announcement revived what traders call the debasement trade: the read that mounting fiscal strains and easier financial conditions strengthen the case for scarce assets outside the government monetary system.
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