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The Emirates News Agency reported that gold and the dollar held steady even as major cryptocurrencies posted gains in global trading. Bitcoin surged to new short-term highs, leading the upward move in digital assets. Market observers attributed the divergent performance to renewed interest in alternative investments following recent fiscal policy signals from the United States.
CoinDesk data places bitcoin’s weekly gain at 23.6 percent, its second strongest since early 2021, with the cryptocurrency settling near $77,000 after reaching $79,500. Ether also recorded solid advances, contributing to broader market enthusiasm. The publication noted that crypto ETFs saw $2.62 billion in net inflows, the largest weekly total since October 2025.
A Wall Street Journal analysis found that the debasement trade has returned, as investors shift toward gold, bitcoin and other assets in response to Treasury Department measures aimed at lowering borrowing costs. Gold rose 5.6 percent over the week while the dollar weakened against major currencies. Joshua Lim, global co-head of markets at FalconX, said in the report, “The Treasury announcement for support in the long bonds is a clarion call to the market and a form of easing that crypto has historically always loved.”
The assessment continued that bitcoin will always be a debasement hedge. Gold has climbed above $4,600 an ounce, exceeding its 200-day average according to CoinDesk. The US Dollar Index has fallen to 98.9, slipping below its own 200-day average.
According to CoinDesk, bitcoin and ether both moved above their 200-day averages during the rally. This technical breakthrough has bolstered confidence among traders. The inflows into bitcoin ETFs reached $1.92 billion for the week, while ether ETFs drew $697 million.
Bloomberg figures show that the current alignment between gold and cryptocurrencies points to shared drivers in the market despite occasional divergences. Investors appear to be seeking protection against potential currency erosion through both assets. The trend has persisted as equities and other asset classes exhibit mixed signals.
