EconomyBitcoin and gold surge after US elections, but $378 million short squeeze casts doubt on debasement trade
Bitcoin climbed above $81,000 alongside gold, reviving speculation that investors are seeking shelter from a weakening US dollar. Bitcoin rebounded from about $75,600 on Nov. 4, while gold futures jumped 3.4% to $4,061.10, their biggest daily gain in three months. The dollar also weakened as investors assessed the Democrats’ sweeping victory.
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CryptoSlate★★☆☆☆2026-11-05 09:50Original
Bitcoin and gold surge after US elections, but $378 million short squeeze casts doubt on debasement trade
Economy