The pause follows a week in which BTC surged roughly 24% from below $63,000 in its best performance since March 2023, after the U.S. Treasury's decision to double buybacks of long-dated bonds cracked a six-week trading range and triggered more than $3 billion in short liquidations in 24 hours.
Equities lagged as crypto and gold rallied in tandem last week, with the precious metal adding around 0.8% Monday morning and sitting near record highs as Treasury Secretary Bessent's debt management strategy continued to weigh on long-dated yields. The 30-year bond yield briefly touched a 19-year high before the buyback announcement pulled it back.#BTC🔥🔥🔥🔥🔥 $BTC
Equities lagged as crypto and gold rallied in tandem last week, with the precious metal adding around 0.8% Monday morning and sitting near record highs as Treasury Secretary Bessent's debt management strategy continued to weigh on long-dated yields. The 30-year bond yield briefly touched a 19-year high before the buyback announcement pulled it back.#BTC🔥🔥🔥🔥🔥 $BTC