Update
Bitcoin Rallies Above $81K with Gold Futures
Bitcoin's price reached $81,000 as gold futures hit $4,061.10. This rally was fueled by a $378 million bearish crypto bet liquidation in an hour, as per CoinGlass. The simultaneous gains in Bitcoin and gold have revived speculation about the 'debasement trade,' where investors seek protection against a weakening US dollar. However, broader financial markets showed a more complex picture, with the S&P 500 and Dow Jones increasing, and Treasury yields declining.