Macroeconomic Tailwinds Boost Bitcoin and Gold Prices

Bitcoin (BTC) and gold have broken free from their trading ranges as positive macroeconomic indicators lift prices. The US Treasury's decision to double its bond-buy operations has sent a wave of optimism through the markets, with BTC surging nearly 22% over the past week.

The price of BTC rose above $77,000 after the announcement, triggering a short squeeze that added fuel to the rally. Over $4 billion in short positions were liquidated as traders closed their bets against the currency.

Gold also benefited from the tailwinds, rising above $4,600 on Friday as investor interest returned. The precious metal marked its third consecutive weekly gain and reached a three-month high.