Bitcoin Surpasses $80,000 as US Liquidity Remains Stable Despite Treasury Cash Build

Bitcoin climbed above $80,000 after a $148 billion increase in the US Treasury General Account failed to disrupt funding markets. While the Treasury's cash build and tax payments reduced commercial bank reserves at the Federal Reserve, the impact remained contained within the central bank's operating corridor, with the Secured Overnight Financing Rate (SOFR) tracking policy adjustments.