Bitcoin and gold surge as Treasury buybacks and Trump crypto push boost markets

Bitcoin and gold surge as Treasury buybacks and Trump crypto push boost markets

Bitcoin and gold rallied this week, with bitcoin rising above $77,000 and gold to $4,661, after the Treasury announced larger long-term debt buybacks and President Trump urged Congress to pass crypto legislation. The moves, part of a 'debasement trade,' came as the dollar fell and national debt surpassed $40 trillion.

Source: AP News

More in Business & Finance

Read the live feed on ZapIndies