Bitcoin's Price Correlation with US Treasury Bills Highlights Potential Market Influence

A recent analysis highlights a significant correlation between Bitcoin's price and the issuance of short-term US Treasury bills (T-bills). According to NS3.AI, the correlation coefficient stands at approximately 0.8, with an eight-month lag. This relationship has been observed as the growth in T-bill issuance slowed from late 2024 to early 2026, coinciding with a period of Bitcoin price weakness. Looking ahead, forecasts suggest that annual refinancing issuance of T-bills will range between $3 to $4 trillion until 2029. This projection indicates a potential continued impact on Bitcoin's price dynamics, as the correlation between these financial instruments remains noteworthy.