The U.S. Department of the Treasury plans to increase the balance of the General Account (TGA) to approximately $900 billion by the end of June and to about $1 trillion by the end of July. Analysts believe that supplementing the TGA will withdraw liquidity from the financial system, and the current balance of the U.S. reverse repurchase agreement (RRP) tool has fallen from a peak of over $2.5 trillion in 2022 to less than $100 billion. Future debt issuance may further consume bank reserves, putting pressure on risk assets like Bitcoin. (CryptoSlate)

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