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The total value of the cryptocurrency market has surpassed $3 trillion for the first time since January, a milestone driven primarily by $740 billion in cash from U.S.
Treasury bond buybacks and $920 million in forced short liquidations rather than organic demand. Bitcoin (CRYPTO:BTC) traded at $86,276, a level 32% below its all-time high of $126,000 reached in October 2025.
Bloomberg reported that investors redirected capital into crypto after the U.S. Treasury announced an expanded long-term bond buyback program in late August.
This process provided investors with cash and lowered borrowing costs across markets.
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