Washington Times
How bitcoin and gold went from a slump to an MVP week in just a few days
xCruzo Brief
Bitcoin and gold have surged from early-year slump levels after a rapid shift in bond-market expectations and renewed attention in Washington. Bitcoin fell from an about $95,000 January high to below $60,000 by late June, then climbed above $77,000 on Friday. Gold, which peaked above $5,300 in January before sliding to around $4,000 in June as rising rates favored interest-bearing assets, rose to $4,661 on Friday. The catalyst began Wednesday, when the U.S. Treasury said it would at least double planned purchases of long-term Treasurys. The move was aimed at calming bond markets and came alongside President Donald Trump urging Congress to pass crypto legislation quickly.
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