#美国国债

The high levels of US Treasury debt have a "two-way tug" effect on the cryptocurrency market:

Short-term pressure: Rising US Treasury yields and high financing costs may suppress all risk assets, leading to an overall liquidity contraction in the cryptocurrency market;

Long-term opportunity: If debt monetization triggers a US dollar credit crisis, Bitcoin and compliant stablecoins (such as USDC) may become safe havens for funds, but caution is needed regarding policy intervention and market volatility risks.