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The cryptocurrency market logged its sharpest broad advance in recent weeks against the backdrop of two overlapping macro catalysts: a surprise U.S.
Treasury expansion of its long-term bond buyback program and renewed legislative momentum around the Clarity Act.
XRP ($XRP) outran the sector-wide move, rising roughly 47% over the seven days through Saturday morning Eastern time, outpacing Bitcoin's roughly 22% gain and Ethereum's roughly 28% advance over the same stretch.
The rate and dollar channel On Wednesday, the U.S. Treasury announced it would scale its long-term bond buyback operations from $2 billion to $4 billion per session, a program running between September 9 and November 4.
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