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Treasury Secretary Says Trump Focused “On Bringing Interest Rates Down”: What It Means for Bitcoin and Crypto

  • U.S. Treasury Secretary Scott Bessent stated that the Trump administration is focused on bringing interest rates down.
  • Lower interest rates are often associated with increased prices of Bitcoin and other crypto assets.
  • Bessent is referring to the 10-year Treasury yield, which influences borrowing rates for mortgages and businesses.
  • While the market has not reacted to Bessent's comments, lower yields might make Bitcoin and crypto more attractive as risk assets.

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