$BTC
Describing again the reasons for the cryptocurrency market's surge this month
Because U.S. Treasury bonds have matured
Selling poorly, prices drop, interest rates rise
Stablecoins in the cryptocurrency market are major buyers of U.S. Treasury bonds
So after the cryptocurrency market rallies, retail investors enter the cryptocurrency market
The usage of USDT is high, used to buy U.S. Treasury bonds
USD1 is the same
Behind stablecoins are purchases of U.S. Treasury bonds
So even Trump is issuing stablecoins
Now you understand the principle, right?