Bitcoin’s market cap rises $416B in 9 weeks as Treasury policy shift fuels historic rally

Bitcoin's market capitalization surged by roughly $416 billion over a nine-week period, marking a historic rally coinciding with a reported U.S. Treasury policy shift. Market participants attribute the gain to the policy change altering liquidity and yield dynamics, which redirected institutional and macro-driven capital into risk assets including Bitcoin. Key implication: Bitcoin’s price is now more sensitive to fiscal/treasury policy decisions, meaning future Treasury actions could materially drive inflows and price direction, supporting a higher valuation baseline while amplifying volatility.