u.today
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.