WireMarket
Bitcoin Closes Week Up 22% as Treasury Move Revives Debasement Trade
Crossed the Wire · 18:20 UTC · at block 963,618Source published · 08:13 UTC
Bitcoin closed Friday around $77,000, up roughly 22% for the week, after a US Treasury intervention pulled long-term yields lower and a $2.7 billion short squeeze accelerated the move, according to CNBC, while the Financial Times linked the rally to renewed demand for debasement hedges.
Primary record: cnbc.com