Bitcoin and gold soar with bond market tension
Los dos activos reaccionan a la debilidad del dólar. El bitcoin se encamina a su mejor semana en más de tres años y el oro a su mayor ganancia mensual en 26 años. Leer
The value of bitcoin and gold is rising in response to a decline in the US dollar. Bitcoin has increased by 23% this week, reaching over $77,000, its highest level since May, while gold has risen by 13% in August, on track for its largest monthly gain since 1999. The surge comes after US Treasury Secretary Scott Bessent announced plans to increase long-term debt purchases to stabilize the bond market, which has led investors to seek alternative assets.
The dollar has fallen by around 1% against a basket of currencies since the announcement, with investors turning to assets like bitcoin and gold as a hedge against inflation and US debt.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
