Bitcoin and gold surge after US elections, but $378 million short squeeze casts doubt on debasement trade
Bitcoin’s rally above $81,000 alongside gold has revived hypothesis that traders are searching for safety in opposition to the weakening US greenback. The largest cryptocurrency rebounded from about $75,600 on Nov. 4, whereas gold futures surged 3.4% to $4,061.10, their greatest every day achieve in three months. The greenback additionally weakened as traders digested the Democrats’ sweeping victory in…
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