BITCOIN AND GOLD BOUNCED BACK TO MVP IN A FEW DAYS

Yahoo Finance reported that bitcoin and gold rebounded in just a few days, driven by bond market fluctuations and Washington activities. Bitcoin fell from a high of about $95,000 in January to less than $60,000 at the end of June, but rebounded to over $77,000 on Friday. Gold, which was as high as $5,300 in January, fell to about $4,000 in June and recovered to $4,661 on Friday. On Wednesday, the United States Department of the Treasury announced a significant increase in repurchases of long-term national debt, resulting in a rapid market response, a depreciation of the United States dollar and a shift in investors to alternative assets. Trump called on Congress to move quickly to pass encrypted and friendly legislation, which further boosted the rise of Bitcoin。