{"id":13510,"date":"2026-09-21T09:57:46","date_gmt":"2026-09-21T09:57:46","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=13510"},"modified":"2026-09-21T09:57:46","modified_gmt":"2026-09-21T09:57:46","slug":"bitcoin-shattered-80000-after-a-148-billion-us-liquidity-shock-failed-to-break-markets","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=13510","title":{"rendered":"Bitcoin shattered $80,000 after a $148 billion US liquidity shock failed to break markets"},"content":{"rendered":"

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Bitcoin climbed above $80,000 after a $148 billion US Treasury cash build failed to destabilize overnight funding markets.<\/p>\n

The Treasury General Account rose by $148.003 billion through Sept. 16 to $991.708 billion, Federal Reserve data showed, as tax payments shifted cash into the government\u2019s account at the central bank.<\/p>\n

Deposits held by commercial banks at the Fed fell by $114.971 billion over the same period to $2.922 trillion, tightening the pool of reserves available to the financial system. The gap between the two moves shows the Treasury increase did not translate into a one-for-one reserve drain because other balance-sheet flows were also at work.<\/p>\n

The transfer had been closely watched because large tax-date inflows into the Treasury can temporarily pull cash from private markets and make short-term funding more expensive. That risk took on added significance after the Fed raised its benchmark interest-rate range by 25 basis points to 3.75% to 4% on Sept. 16.<\/p>\n

\"Infographic\"Infographic<\/p>\n

So far, the strain has remained contained.<\/p>\n

The Secured Overnight Financing Rate, the main benchmark for borrowing cash against Treasury securities, printed at 3.85% on Sept. 17 across almost $3 trillion of transactions. That was five basis points below the Fed\u2019s new 3.90% interest rate on reserve balances.<\/p>\n

Trading also remained concentrated around the central bank\u2019s policy settings. The 25th and 75th percentiles were 3.83% and 3.90%, while even the 99th percentile reached only 3.93%, seven basis points below the Fed\u2019s 4% standing repo facility rate.<\/p>\n