U.S. September fiscal surplus hits record high…"Bitcoin price in focus"

Bitcoin (BTC) is hovering around $105,000, while the U.S. government recorded a record monthly fiscal surplus of $198 billion in September, indicating improved fiscal conditions.

According to CNBC on the 17th (local time), the U.S. Treasury recorded a surplus of $198 billion in September this year. It is the largest on record for the month, reducing the total fiscal deficit for fiscal 2025 to $1.78 trillion. It is a 2.2% decrease from the previous year ($1.821 trillion).

September is a month when tax payments are concentrated, but this surplus was additionally aided by import tariffs introduced by President Donald Trump in April. Tariff revenues amounted to $30 billion over the past month, reaching about half of the annual estimate.

This eased the interest burden on the national debt, which amounts to $38 trillion. Net interest outlays were $37 billion, making it the fourth-largest expenditure item after Social Security ($133 billion), health ($94 billion), and defense ($76 billion). On an annual basis, it exceeded $1.2 trillion.

Experts analyzed that stronger-than-expected revenue growth increases the likelihood that President Trump will maintain his 'trade strategy.' Markets have suggested that if trade tensions intensify and risk-off sentiment strengthens, investors may move to safe assets such as bonds and gold. This is viewed as similar to the market reaction during April's 'tariff tantrum.'

CoinDesk said, "With U.S. fiscal conditions improving, tariff uncertainty has increased," and added, "Attention is focused on whether risk assets such as Bitcoin will see a short-term rebound."