The U.S. Treasury has been actively repurchasing its own debt in recent weeks, with buybacks totaling $7.4 billion over the past two weeks. This includes a $2 billion purchase reported initially, followed by additional repurchases amounting to $6 billion within one week. More recently, the Treasury bought back $4 billion in debt, and then an additional $1.4 billion, bringing the cumulative total to $7.4 billion. These repurchases are part of an ongoing buyback program and have been noted as occurring without the implementation of quantitative easing (QE). Market observers have linked these buybacks to potential bullish effects on cryptocurrencies such as Bitcoin and altcoins. Some analysts have described the Treasury's buyback activity as resembling a form of stealth QE, although no official QE program has been announced. The Treasury's debt repurchase efforts coincide with broader fiscal management activities, including debt maturity renewals, which have helped stabilize currency dynamics.