How bitcoin and gold went from a slump to an MVP week in just a few days
- Bitcoin rose above $77,000 after dropping below $60,000 at the end of June.
- Gold increased to $4,661 after falling to around $4,000 in June.
- The U.S. Treasury announced plans to significantly increase its buybacks of long-term Treasurys, which affected bond markets.
- President Trump urged Congress to pass crypto-friendly legislation, boosting investor sentiment in the cryptocurrency market.
- Over $4 billion in bearish crypto positions were liquidated during the rally as bitcoin surged.
This week, both bitcoin and gold experienced significant price increases, driven by developments in the bond market and regulatory discussions in Washington. Bitcoin had previously dropped from a January high of around $95,000 to below $60,000 by the end of June, but surged to over $77,000 by Friday. Similarly, gold, which had reached a high of over $5,300 in January, fell to around $4,000 in June, before rising to $4,661 on Friday.
The catalyst for these increases was the U.S. Treasury's announcement on Wednesday that it would at least double the size of its planned purchases of longer-term government debt. This intervention was aimed at stabilizing the bond market, which had been experiencing a sell-off, and resulted in a weaker dollar, prompting investors to seek alternative assets like bitcoin and gold.
Additionally, President Trump, who reportedly made about $1.2 billion from crypto holdings last year, held a cryptocurrency conference at the White House, urging Congress to expedite crypto legislation. This positive sentiment in the crypto market contributed to bitcoin's price rally, as many investors who had shorted bitcoin were forced to buy back their positions, further driving up the price.
比特币和黄金如何在短短几天内从低迷状态反弹
本周，比特币和黄金的价格均大幅上涨，受到债券市场动态和华盛顿的监管讨论的推动。比特币此前从1月约95,000美元的高点跌至6月底的60,000美元以下，但到周五反弹至超过77,000美元。类似地，黄金在1月超过5,300美元的高点后，6月跌至约4,000美元，随后在周五涨至4,661美元。
这些上涨的催化剂是美国财政部周三宣布将至少将其计划购买的长期国债规模加倍。此举旨在稳定经历抛售的债券市场，导致美元走弱，促使投资者寻求比特币和黄金等替代资产。
此外，特朗普总统在白宫举行了一场加密货币会议，呼吁国会加快加密货币立法的进程，他去年从加密货币持有中获利约12亿美元。这种积极的市场情绪为比特币的价格反弹提供了支持，因为许多做空比特币的投资者被迫回购其头寸，进一步推高了价格。