Bitcoin and gold hit record highs as investors flee the dollar. Citadel’s Ken Griffin warns of a “debasement trade.” | Credit: Getty Images. Key Takeaways Citadel founder Ken Griffin warns of a “debasement trade” as investors seek safety outside the U.S. dollar. Gold hit $3,900 and Bitcoin surged past $126,000 in October, both setting new all-time highs. Analysts say macro conditions are driving capital into scarce, non-sovereign assets like BTC and gold. A growing investor exodus from the U.S. d ...

Gold prices have shattered records this week, briefly topping $4,000 an ounce for the first time ever. This caps off a near-50% surge in 2025 which has turned the oldest “safe haven” in finance into one of the world’s hottest and apparently most crowded trades. How this rise compares to previous years The surge is a markedly extreme move for an asset that typically posts single-digit annual gains. The last time gold climbed this fast was more than four decades ago , during the inflationary late 1970s, w ...

Gold rose to a fresh record, nearing $4,000-an-ounce, as looming US interest rate cuts and the prospect of a prolonged federal government shutdown lifted demand.The precious metal rallied as much as 2.2% to top $3,970 an ounce in the week’s opening session. The upswing, which follows a run of seven weekly gains, has lifted prices more than 50% this year. Gold-backed exchange-traded funds swelled again last week.The US shutdown has delayed key data, making a murky economic outlook more unclear. With a lack o ...

Welcome to Bloomberg ETF IQ. I'm Scarlet Fu. And I'm Katie Greifeld Scarlet Fu.Happy Monday. Happy Monday. Monday in particular.And also happy Monday. With lots of political overtones. You've got France, you've got Japan. You've got the ongoing government shutdown, an embarrassment of riches.Let's get to the biggest stories right now. And the more than $8 trillion global ETF industry. Japan, as Scarlett mentioned, preparing for its first female prime minister.And a big political shift. We'll discuss with Ro ...

Investors threw a record amount of cash at Bitcoin and other crypto investment products, which racked up $5.95 billion last week as concerns around currency debasement worldwide sent alternative assets to record highs.  Data from a Monday report from digital asset manager CoinShares revealed that investors put the most amount of money ever into Bitcoin investment products during a single week—$3.55 billion in total.  CoinShares tracks funds around the world, but data from Farside Investors shows that most o ...

Romain Costaseca / Hans Lucas / AFP via Getty Images The price of a bitcoin topped $125,000 over the weekend. Bitcoin (BTCUSD) is giving crypto stocks a lift after its price topped $125,000 over the weekend, reaching a new record. The world's largest cryptocurrency had been on a weeklong rally, validating bitcoin bulls' anticipation of fresh highs after September-end swoons. Bitcoin treasury Strategy (MSTR), crypto exchange Coinbase Global (COIN), and stablecoin issuer Circle (CRCL) were up at least 2% M ...

Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack. GM! Today’s top news: Crypto majors are green after Bitcoin hits new ATH at $125,600 (now $124,300) BNB hits new ATH at $1,220; Binance lists spot ASTER (+10%) ASTER Stage 2 airdrop confirmed for Oct 14; users can get tokens for fees rebated MetaMask teases new rewards program with $30M in LINEA u ...

Growing fiscal concerns in some of the world’s biggest economies are adding momentum to a so-called “debasement trade,” as investors flock to the perceived safety of Bitcoin, gold and silver while pulling away from major currencies. The yen tumbled on Monday as pro-stimulus lawmaker Sanae Takaichi was set to become Japan’s next prime minister. French bond spreads blew out and the euro slid after the prime minister resigned, hurling the country into another political crisis. The dollar, which has weakene ...

Bitcoin set a fresh record on Sunday for the first time since mid-August, as the US government shutdown drove investors to safe-haven assets in a migration dubbed the “debasement trade.” The largest digital asset climbed to $125,689 over the weekend, according to data compiled by Bloomberg. It remained in touching distance of its all-time high on Monday in New York, changing hands at about $125,000. Most Read from Bloomberg Bitcoin’s advance coincided with a US government shutdown that began on Oct. 1 ...

The crypto market is down today, with the cryptocurrency market capitalization falling by 0.9%, now standing at $4.33 trillion. Fewer than 10 of the top 100 coins have appreciated over the past 24 hours. At the same time, the total crypto trading volume is at $193 billion. TLDR: The crypto market capitalization is down 0.9% on Monday morning (UTC); 92 of the top 100 coins are down, as are 9 of the top 10 coins; BTC is down 1.1% to $123,375, and ETH fell 1.2% to $4,535; After BTC broke the $125,000 barrier ...