Finance

Bitcoin prices surged over 20% this week, climbing past $77,000 to post its strongest weekly performance in two years. The digital asset rally was catalyzed by recent positive regulatory developments and encouraging comments from President Trump following a meeting with crypto industry executives. This momentum extended to cryptocurrency-related equities, with Coinbase and Robinhood registering significant gains.

Brent crude and U.S. oil futures climbed again on Friday, sealing a sixth consecutive session of gains. Prices were supported by escalating geopolitical tensions in the Middle East and threats of economic sanctions against trading partners of Iran. Over the course of the week, Brent futures surged more than 6%, intensifying broader market concerns regarding inflation.

Treasury yields continued their upward trajectory on Friday, led by shorter-dated notes, with the 10-year yield settling around 4.73%. Markets largely shrugged off recent efforts by Treasury Secretary Scott Bessent to contain borrowing costs through expanded debt buyback plans. Investors are closely monitoring upcoming fiscal policy announcements and the upcoming Jackson Hole Symposium for clearer direction on interest rates.