The Zhitong Finance App learned that on Tuesday, Robinhood (HOOD.US) opened and rose. As of press release, the increase was more than 4% to $108.265. According to the news, Bitcoin continued its upward trend. Today, it climbed 2.5% to $80,908, returning above $80,000 for the first time since May 15. On the macro side, US Treasury Secretary Scott Bessent announced last week that the US will step up efforts to repurchase long-term treasury bonds to reduce long-term yields. This move has triggered a new round of dollar sell-offs and reignited market discussions on “devaluation transactions.” Skeptics, on the other hand, believe that the plan further shows that the Trump administration is not ready to actually reduce the fiscal deficit. The original purpose of Bitcoin was to avoid the risk of fiat currency depreciation and inflation caused by the central bank's excess currency.

The Zhitong Finance App learned that on Tuesday, Robinhood (HOOD.US) opened and rose. As of press release, the increase was more than 4% to $108.265. According to the news, Bitcoin continued its upward trend. Today, it climbed 2.5% to $80,908, returning above $80,000 for the first time since May 15. On the macro side, US Treasury Secretary Scott Bessent announced last week that the US will step up efforts to repurchase long-term treasury bonds to reduce long-term yields. This move has triggered a new round of dollar sell-offs and reignited market discussions on “devaluation transactions.” Skeptics, on the other hand, believe that the plan further shows that the Trump administration is not ready to actually reduce the fiscal deficit. The original purpose of Bitcoin was to avoid the risk of fiat currency depreciation and inflation caused by the central bank's excess currency.