Bitcoin News

Story: Bitcoin Surges Above $77K; Gold Climbs to $4,632 Amid Inflation Fears

By Jean-Luc Maracon

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Treasury Policy and Global Stress Signals. The U.S. Treasury made a move that caught attention — it doubled its debt buyback operations to $4…

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The $77,232 Level That Won't Go Away. Here's the technical problem. Trader and analyst Rekt Capital put it plainly: Bitcoin needs to…

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Bitcoin won't quit. The coin held firm above $77,000 after the Wall Street open, sitting at its highest level since May and showing nearly 6% gains on the day.

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Both assets have had a strong month. Bitcoin is up 13% against the dollar. Gold is up 16%. That's not a small move for either one, and the timing is pretty much identical, which…

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The U.S. Treasury made a move that caught attention — it doubled its debt buyback operations to $4 billion. That's the kind of decision that ripples.

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But the stress signals aren't just American. QCP Capital, a trading firm, pointed to Japanese government bond yields rising sharply following a rare yen intervention.

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So you've got U.S. Treasury policy pulling one lever, Japanese bond markets pulling another, and Bitcoin sitting in the middle catching some of the pressure from both directions.

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Here's the technical problem. Trader and analyst Rekt Capital put it plainly: Bitcoin needs to reclaim its 50-week exponential moving average, which sits at $77,232.

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Breaking above $77,232 cleanly would probably signal a new macro uptrend. Failing to hold it — or just hovering right at it without conviction — could mean Bitcoin keeps printing…

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Read also: Bitcoin Surges 25% to $77K Following Treasurys $14 Billion Bond Buyback Surprise

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Bitcoin was trading just above $77,000 at the time of writing, which puts it right at the edge of that zone. Not above it with confidence. Not rejected from it either.

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The Polymarket prediction data adds a different layer. The platform put the odds of Bitcoin hitting $90,000 before 2027 at 48%. That's up meaningfully from earlier in the week.

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Gold's move to $4,632 probably matters here too. When gold runs, it often validates the broader "flee to safety" or "flee to hard assets" trade.

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The 20% two-day move QCP Capital flagged is the kind of number that attracts attention and also attracts skeptics. Fast moves like that can reverse fast.

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More context: Ray Dalio Urges Investors to Shift to Bitcoin and Gold Amid Looming U.S. Debt Crisis

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