Why an Announcement From the Treasury Sparked a Rally in Gold and Bitcoin This Week - MarketWatch
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7 Articles
The gold rose to the highest level in three months, after the strong intervention of the United States Treasury to try to contain a high harmful financing costs rekindled the fears of investors regarding the country's fiscal situation. The metal advanced on Friday to the highest level since mid-May and closed the week with a high of 5.50%. Prices have been rising since the American Treasury announced, on Wednesday, an unexpected increase in buyb…
U.S. debt above $40 billion, Treasury debt buybacks and Trump's pressure to regulate crypt agitated markets. More than $4 billion in liquidated sales positions.
The bitcoin and gold prices shot this week, both driven by intense movements in the bond market, while the main international cryptocurrency benefited from political and economic initiatives in the United States, reported the associated press. Bitcoin had fallen from a maximum of about $95,000 (€82,700) in January to less than $60,000 (€52,200) by the end of June, with investors moving away from speculative assets and cryptocurrency advocates sh…
The Treasury Buyback Tweak That Triggered a $4 Billion Bitcoin Short Squeeze
The Bitcoin move from $64,000 to above $79,000 across four trading sessions constitutes one of the most pronounced rallies for the asset in 2026. The immediate catalyst was the U.S. Treasury Department announcement on August 19, which doubled the limit for its long-term bond buyback operations from $2 billion to $4 billion per operation, effective from September 9 through November 4. The cryptocurrency market interpreted this measure as an expan…
Bitcoin and gold prices shot this week, both driven by intense movements in the bond market, while the main international cryptocurrency benefited from political and economic initiatives in the United States, reported the Associated Press.
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