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Bitcoin rally tracks weaker dollar amid Treasury bond buybacks
Bitcoin and gold climbed after the dollar weakened, tied to expanded U.S. Treasury bond buybacks.
Bitcoin’s rally is being linked to a weaker U.S. dollar, as investors responded to expanded Treasury bond buybacks, according to Decrypt.
The outlet said analysts view the move as reflecting broader concerns about U.S. fiscal policy, with the dollar sliding alongside higher interest in hard assets like gold.
The report frames the concurrent strength in Bitcoin and gold as consistent with investors shifting away from dollar exposure as buyback activity contributed to dollar weakness.
Latest closeGold $4,432.00 ▲1.6%|Bitcoin $78,972.78 ▲1.6%
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