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#U.S. Dollar

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Bitcoin Tops $86,000 Ahead of U.S. Jobs Report
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Bitcoin Tops $86,000 Ahead of U.S. Jobs Report

Key Highlights Bitcoin briefly climbed above $86,885 on Friday ahead of the latest U.S. jobs report. Bitcoin remained about 1.5% higher on the day and roughly 3% higher in October after easing to around $86,000. Investors are watching September employment data as elevated Treasury yields and a stronger U.S. dollar continue to influence risk assets. ...

Fidelity Executive Comments on U.S. Treasury’s Latest Bitcoin Move
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Fidelity Executive Comments on U.S. Treasury’s Latest Bitcoin Move

Fidelity Investments’ Global Macro Director Jurrien Timmer argues that recent U.S. Treasury operations—specifically increased long-term bond buybacks paired with heightened short-term bill issuance—are pressuring the dollar while providing tailwinds for Bitcoin and gold. Treasury Buybacks Weaken Dollar, Lift Bitcoin and Gold Timmer observed that the dollar declined last week following the Treasury’s repurchase of additional ...