{
  "id": 2591693,
  "title": "How bitcoin and gold went from a slump to an MVP week in just a few days",
  "url": "https://urgent.news/2026/08/22/how-bitcoin-and-gold-went-from-a-slump-to-an-mvp-week-in-just-a-few-2591693",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-22T14:23:02.000Z",
  "source": {
    "name": "Associated Press",
    "slug": "associated-press",
    "url": "https://apnews.com/article/gold-bitcoin-treasury-dollar-bessent-inflation-trump-be7df8c0eaa159e4149df8efc4000fc9"
  },
  "original_language": "en",
  "account": "In just a few days, Bitcoin and gold experienced a remarkable turnaround, moving from a slump to an MVP week. This surge was driven by unexpected actions in the bond market and Washington. Bitcoin's price had plummeted from a January high of around $95,000 to below $60,000 by the end of June, causing investors to avoid speculative assets. The cryptocurrency had also faced concerns about the lack of regulation. On the other hand, gold saw its peak above $5,300 in January, but it fell to around $4,000 in June as rising interest rates made interest-bearing investments more appealing. Gold rebounded to $4,661 on Friday.\n\nThe first significant boost came on Wednesday when the Treasury Department announced plans to significantly increase its buybacks of long-term Treasurys. This move aimed to stabilize bond markets after a prolonged sell-off, prompting investors to seek alternative assets. The Treasury's intervention in the bond market was unexpected and caused a dollar sell-off, leading to a rise in the value of gold and Bitcoin as investors shifted towards safer investments.",
  "summary": "Bitcoin and gold shot higher this week, with both getting a boost from some frantic action surrounding the bond market, and the cryptocurrency also benefiting from activity in Washington. Bitcoin had dropped from a January high around $95,000…",
  "key_points": [
    "Bitcoin's price dropped from $95,000 to below $60,000 in June",
    "Gold rebounded from $4,000 to $4,661 after Treasury's buyback plan",
    "Unexpected bond market intervention caused dollar sell-off and asset shift"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Yahoo Finance",
        "title": "How bitcoin and gold went from a slump to an MVP week in just a few days",
        "url": "https://urgent.news/2026/08/22/how-bitcoin-and-gold-went-from-a-slump-to-an-mvp-week-in-just-a-few",
        "published": "2026-08-22T13:59:08.000Z"
      },
      {
        "outlet": "Winnipeg Free Press",
        "title": "How bitcoin and gold went from a slump to an MVP week in just a few days",
        "url": "https://urgent.news/2026/08/22/how-bitcoin-and-gold-went-from-a-slump-to-an-mvp-week-in-just-a-few-2587377",
        "published": "2026-08-22T13:59:27.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}