US Stock Market Move | Bitcoin once again broke through $80,000 as Robinhood (HOOD.US) rose over 4%.

On Tuesday, Robinhood (HOOD.US) opened with an increase, and as of this writing, it has risen over 4%, trading at $108.265. In terms of news, Bitcoin continued its upward trend, surging 2.5% today to reach $80,908, marking its first return above $80,000 since May 15. On the macroeconomic front, U.S. Treasury Secretary Scott Pelley announced last week that the U.S. will intensify long-term Treasury bond repurchases to lower long-term yields, triggering a new wave of dollar selling and reigniting discussions around "devaluation trades." Skeptics argue that this plan further indicates that the Trump administration is not yet prepared to meaningfully reduce the fiscal deficit. The original intent behind Bitcoin's creation was to avoid the risks of currency devaluation and inflation caused by excessive central bank money supply. Meanwhile, President Trump has been advocating for friendly regulatory policies toward the cryptocurrency industry. Recently, he met with key executives from the cryptocurrency sector at the White House and publicly called on Congress to pass the digital asset market structure bill, known as the Clarity Act, stating that this legislation is crucial for maintaining U.S. leadership in emerging technologies.