We are so back! Bitcoin’s 23% rally on US debt policy: Hodler’s Digest

Bitcoin jumped about 23% after recent US debt-policy developments eased near-term default fears and helped push Treasury yields and the dollar lower. The shift reduced risk premia, reignited risk appetite and drove fresh flows into Bitcoin and other risk assets, amplifying the rally. The move underscores Bitcoin’s continued sensitivity to macro and fiscal policy, particularly to yield and dollar dynamics. Implication: the rally bolsters institutional and retail interest and opens further upside, but remains vulnerable to renewed fiscal stress or policy shifts that could quickly reverse gains.