economy

Bitcoin and Gold Surge as Bessent's Bond Market Intervention Weighs on Dollar

World's biggest cryptocurrency on track for best week in more than three years

Bitcoin and Gold Surge as Bessent's Bond Market Intervention Weighs on Dollar

TL;DR

  • Bitcoin is on track for its best week in more than three years.
  • The cryptocurrency's performance is linked to bond market intervention.
  • The U.S. dollar is experiencing downward pressure.