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The U.S. Treasury Department will enter the active phase of its government debt buyback program on Monday, Sept. 7, 2026. The weekly limit on operations will amount to $14.5 billion, while the maximum volume of Treasury sessions could reach $16.5 billion.
Such a large liquidity injection has sparked discussion across financial markets about the start of a second round of the crypto market's rally, particularly for Bitcoin and XRP.
The bulk of the operations is scheduled for Wednesday, Sept. 9. The Treasury, led by Secretary Scott Bessent, is doubling its buyback limits for long-term securities maturing in 10 to 30 years — from $2 billion to $4 billion per session.
In total, the department plans to remove approximately $38.25 billion worth of bonds from the market in September, while the U.S. Federal Reserve will simultaneously allocate up to $2.122 billion to purchases of short-term Treasury bills as part of its planned reinvestment of principal.
While Bessent stabilizes yields, Bitcoin at $80,000 awaits a spark from primary dealers
As officials describe the multibillion-dollar injections as "routine," the cryptocurrency market is approaching Sept. 9 in a state of extreme technical tension. Traders expect the cash that the Treasury will provide to major banks in exchange for older bonds to fuel a breakout from prolonged trading ranges.
At the beginning of September, Bitcoin is trading just below the psychological $80,000 level, having formed a massive liquidity cluster and dense concentrations of short-liquidation levels between $79,500 and $82,000.
In this environment, any impulse from primary dealers on Wednesday could trigger the forced closure of short positions and immediately push the price toward new local highs through a short squeeze.
Meanwhile, capital is accumulating in XRP as the token approaches $1.45 amid record institutional inflows. U.S. spot XRP ETFs have recorded net inflows exceeding $1.66 billion.
The Treasury's liquidity injection coincides with the main fundamental catalyst of the fall: on Sept. 15, the U.S. Senate will hold a key vote on the CLARITY Act. Traders are pricing in a scenario in which fresh dollars entering the system help XRP break through the key resistance level at $1.70 and open a direct path toward the psychological $2 mark.
Market analysts warn against equating the Treasury's current program with full-scale quantitative easing. The Treasury is not creating new money out of thin air but merely replacing long-term obligations with short-term borrowing to stabilize the government bond market, where yields remain near multiyear highs.
There is also a medium-term risk: if Bessent's buybacks overstimulate the economy, the Federal Reserve could be forced to keep interest rates higher for longer, eventually limiting the cryptocurrency market's growth potential.
Nevertheless, short-term market expectations remain focused on the actual liquidity inflow on Sept. 9. The reaction of Bitcoin and XRP prices to this impulse will become a defining factor for the market's direction throughout the fall of 2026.
Dan Burgin
U.Today Editorial Team
