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Dollar Debasement Fears Fuel Massive Surges in Bitcoin and Gold

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The Story

News Summary

  • Treasury buyback plans reignited dollar debasement concerns, sparking strong rallies in Bitcoin and precious metals.
  • Despite rising bond yields and falling dollar strength, Bitcoin jumped over 22% on short covering, while gold broke above its 200-day moving average on heavy ETF inflows.
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XAUUSD price history

4338.20 -5.45% over the displayed period

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