Finance

Cryptocurrencies staged a massive rally, with Bitcoin recording a 24% weekly gain to settle comfortably above $77,000. Digital assets were strongly supported by news of U.S. Treasury sovereign bond buybacks, which increased liquidity and investor risk appetite. Additionally, markets responded favorably to recent White House meetings where policy initiatives were discussed to accelerate crypto legislative efforts.

Long-term Treasury yields stabilized near their highest marks in over ten years, with 30-year yields finishing the week at 5.276% and 10-year yields at 4.737%. Bond markets have remained volatile despite efforts by Treasury Secretary Scott Bessent to contain borrowing costs through expanded debt repurchases. The high interest rate environment continues to apply structural valuation pressure on equities and alternative asset classes.

Global oil prices trended upward for a sixth consecutive day, with Brent crude futures advancing to $94.39 per barrel. This prolonged commodity surge followed renewed economic warnings from Washington directed at trading partners associated with Iran. Market participants anticipate that tightening energy supply and heightened geopolitical frictions will continue to exacerbate domestic inflation anxieties.