Bitcoin +20%, Gold $4,600 as Stocks Break the Pattern
Bitcoin gained more than 20% and gold pushed above $4,600 after the Treasury announced larger long-term debt buybacks — but stocks finished the week lower and Treasury yields climbed back up. Wednesday’s inflation report and Nvidia earnings now provide the next major test of a market pattern that suddenly stopped behaving normally.
Bitcoin Surges 11% as Treasury Buybacks Push Yields Lower
Bitcoin surged near $71,800 after an unexpected Treasury move pushed long-term borrowing costs lower and triggered a record short squeeze. Now Fed rate-hike concerns, Brent crude near $94, and Walmart earnings are testing whether the market’s new setup can hold.