As crypto assets and gold rise, the Dollar hovers near three-month lows and US-Canada trade talks continue

As activity in cryptocurrency markets increases, Bitcoin, the world's largest crypto asset, is moving toward its best weekly performance in over three years. In the rally supported by whale accumulation and ETF inflows, Bitcoin is approaching the 80 thousand dollar level, while a strong rise is also observed in gold prices. During this period, Bessent's interventions in the bond market and concerns regarding Treasury buybacks put pressure on the US Dollar, pulling the currency to a point near its lowest levels in three months. Despite the vibrancy in the market, crypto miner Poolin's bankruptcy filing caught attention, while analysts remain divided on the future path Bitcoin will follow.

On the international trade front, the United States and Canada continue their talks under the threat of tariffs expected to take effect at midnight. After Donald Trump suspended his new 20 billion dollar tariff decision against his North American partner, officials state that the probability of reaching an agreement is high.

In the stock markets, Tesla gained 4% in value driven by the launch of its Semi model in Europe and the Robotaxi permits it received in Las Vegas. Parallel to these developments, a limited upward movement was also recorded in Uber shares.

On the macroeconomic side, Swiss National Bank (SNB) official Tschudin stated that artificial intelligence technologies could trigger inflation upwards. The potential impacts of artificial intelligence on price pressures maintain their place on the agenda of central banks.

This content is for general information purposes and is not investment advice.