Finance

Bitcoin climbed significantly over the week, moving past $77,000 to post its strongest weekly performance in over two years. The digital asset rally was catalyzed by the U.S. Treasury's decision to expand its long-end bond buyback program, injecting liquidity into the market. Additionally, momentum accelerated following positive policy signals and a meeting between cryptocurrency executives and the White House regarding stalled regulatory legislation.

Long-term U.S. Treasury yields held close to their highest points in more than a decade, remaining stubborn despite federal attempts to suppress borrowing costs. Short-dated notes also pushed higher, reflecting growing market expectations that the Federal Reserve could execute an interest rate hike in upcoming meetings. Current derivatives tracking shows an increase in probability for a central bank rate boost in the near term.

Brent crude and U.S. oil futures extended their upward trajectory, marking a sixth consecutive session of gains. The steady increase in energy commodity prices follows aggressive rhetoric from the U.S. executive branch threatening economic sanctions against trading partners of Iran. Analysts indicate that these escalating tensions have fueled expectations of tightening global crude supplies.