The crypto market is up today, and three things are working together: 1. The Treasury increased buybacks of long-term bonds Long bond yields dropped sharply, making money “cheaper,” so people are more willing to buy higher-risk assets like $BTC/$ETH. This is the most direct reason for the pump. 2. The SEC proposed new crypto issuance rules Projects now have two clearer financing pathways, and regulation seems much more relaxed. Market sentiment improved. 3. The White House met with crypto leaders today They discussed tokenization and clear legislation. The market feels like policies will support crypto, adding another boost of confidence. On top of that, ETF funds are flowing back in, and short sellers are getting squeezed, so prices shot up quickly.