Why Bitcoin Jumped 22% on a Trillion Dollars the Treasury Hasn’t Spent

Bitcoin is up about 22% in seven days, trading near $80,000 after touching the low $80Ks intraday. The reason many seem to be crediting for the move is a “$1 trillion Treasury liquidity injection,” shorthand for CNBC’s report that Treasury Secretary Scott Bessent could tap the government’s roughly $1 trillion