{
  "id": 2684306,
  "title": "Gold, bitcoin went from chumps to champs very quickly this week",
  "url": "https://urgent.news/2026/08/23/gold-bitcoin-went-from-chumps-to-champs-very-quickly-this-week",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-23T01:02:04.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times",
    "url": "https://www.koreatimes.co.kr/world/20260823/gold-bitcoin-went-from-chumps-to-champs-very-quickly-this-week"
  },
  "original_language": "en",
  "account": "This week, both Bitcoin and gold experienced significant increases, driven by frantic market activity surrounding bonds and additional factors in Washington. Bitcoin, which had dropped from a January high of about $95,000 to below $60,000 by the end of June, saw a surge, rising above $77,000 on Friday. Meanwhile, gold, which peaked above $5,300 in January but fell to around $4,000 in June due to rising interest rates making interest-bearing investments more appealing, also rose to $4,661 on Friday.\n\nThe positive movement began on Wednesday when the Treasury Department announced plans to significantly increase its purchases of long-term Treasurys, or government debt. On the same day, President Donald Trump, who reportedly earned around $1.2 billion last year from various crypto holdings, encouraged Congress to swiftly pass crypto legislation. The market responded almost immediately, with a dollar sell-off and a rise in the value of both gold and Bitcoin.",
  "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 of around $95,000 to below $60,000 at the end of June. Investors shied away from speculative assets earlier in the year and crypto supporters were concerned about the lack…",
  "key_points": [
    "Bitcoin rose above $77,000 on Friday after dropping to below $60,000 in June",
    "Gold increased to $4,661 on Friday after peaking above $5,300 in January",
    "Treasury Department's increased long-term Treasurys purchases triggered market rally"
  ],
  "editors_take": "The Treasury Department's plan to buy more long-term government debt and President Trump's push for crypto legislation have shifted investor priorities, boosting the value of gold and Bitcoin.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Korea Times",
        "title": "Gold, bitcoin went from chumps to champs very quickly this week",
        "url": "https://urgent.news/2026/08/23/gold-bitcoin-went-from-chumps-to-champs-very-quickly-this-week-2685659",
        "published": "2026-08-23T01:07:03.000Z"
      }
    ]
  },
  "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."
}