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Crypto

Bessent's Treasury Buys Spur Gold-To-Crypto Rally

Guavy AI Editorial Team
Instruments
BTC
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On Friday, August 21, 2026, Wall Street's major averages closed higher, with Treasury yields largely steady. The Dow Jones Industrial Average (DJI) advanced by 0.9%, while the S&P 500 (SP500) rose by 0.4%. Bitcoin (BTC-USD), however, experienced sharp intraday swings.

SA analyst da-kuk believes that a recent move by Treasury's Bessent sparked a gold-to-crypto rally. According to da-kuk, 'Bessent’s Treasury buys spurred the gold-to-crypto rally.'

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