Finance

Bitcoin rallied sharply to approach the $80,000 threshold, securing its most robust weekly performance in over two years with a nearly 20% advance. The digital currency and related equities, such as Coinbase and Robinhood, were propelled by significant institutional demand, substantial short-seller liquidations, and a doubled long-term bond buyback program by the U.S. Treasury. Sentiment was further bolstered by renewed political support from President Trump for the Digital Asset Market Clarity Act.

Long-term government bond yields remained anchored near their highest levels in over a decade, testing Treasury Secretary Scott Bessent's efforts to curb federal borrowing costs. The 30-year Treasury yield hovered around 5.27%, while the short-dated two-year yield experienced a sharp late-week surge. This upward movement in short-term notes indicates growing investor anticipation that the Federal Reserve may implement another interest rate hike before the year concludes.

Precious metals experienced a strong upward trajectory, positioning gold for its most substantial monthly percentage gain since 1999. The surge in gold prices is primarily driven by an easing U.S. dollar index, which slid toward a multi-month low. Investors are increasingly shifting capital into safe-haven alternatives amid growing anxieties surrounding escalating U.S. national debt, which recently surpassed the $40 trillion threshold.