Bitcoin Sparks 23% Weekly Rally as Bond Moves Fuel a Debasement Thesis
TL;DR
Bitcoin jumped about 23% in the week as stocks fell, gold rose and the dollar weakened, marking one of its strongest digital-gold weeks and fueling talk of a ‘debasement trade’ driven by government bond actions. Treasuries briefly pushed yields lower before clawing back much of the move, while BTC’s stock correlation collapsed and its link to gold strengthened, signaling a notable macro shift.
- Scott Bessent just kicked the bitcoin debasement trade into another gear: Chart of the Day Yahoo Finance
- Why an announcement from the Treasury sparked a rally in gold and bitcoin this week MarketWatch
- How bitcoin and gold went from a slump to an MVP week in just a few days AP News
- AP Trending SummaryBrief at 3:32 p.m. EDT The Daily Gazette
- Bitcoin seeks support near $77K as gold approaches highs Crypto Briefing
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