The U.S. Treasury has been carrying out debt buybacks, which help stabilize bond yields.
With rate cuts on top, yields will fall lower.
Lower yields = cheaper borrowing
Cheaper borrowing = more liquidity
More liquidity = stronger demand for risk-on assets like crypto and tech stocks.
We’ve seen this playbook before →
In September 2024, the Fed cut rates as unemployment climbed.
Bitcoin surged from $60,000 to $100,000 in less than 3 months.
Ethereum doubled.
Altcoins went on a nonstop rally.
That was triggered by a single big cut.
This time, the Fed is expected to follow September with two more cuts into year-end and a lot more in 2026.
And this time, there is more fuel →
It isn’t just about interest rates anymore.
Crypto adoption is advancing on multiple fronts:
→ Spot ETFs giving Wall Street direct exposure
→ Laws supporting crypto access in retirement plans
→ Political momentum behind digital asset adoption
Monetary policy and political policy are now moving in the same direction.
conclusion
Why Q4 looks like a perfect setup →
We have:
→ Pro-crypto bills becoming law
→ US M2 supply rising
→ Treasury adding liquidity
→ 90+ ETPs under approval
→ ETF demand building
→ September cut locked in
→ Additional cuts likely after
All signals are pointing the same way: risk assets higher.