U.S. Federal Debt Approaches $40 Trillion as Japan, China Reduce Treasury Holdings; Bitcoin Hits $66,505

BTC-1.07%
According to BIT's On Target weekly report, U.S. federal government debt has approached $39.7 trillion, with Treasury yields rising to around 5%. Japan is potentially reducing U.S. Treasury holdings due to domestic inflation pressures and rapid yen depreciation, while China is diversifying its foreign exchange reserves by decreasing Treasury allocations and increasing gold reserves. Bitcoin is currently trading at approximately $66,505, showing high positive correlation with U.S. government debt trends, raising market focus on potential acceleration of capital flows toward non-sovereign assets like gold and cryptocurrencies.
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