As Gold and Bitcoin Reach Three-Month Highs Amid US Treasury and Fed Tensions, Crypto Volumes Double

In US markets, two critical institutions of macroeconomic management are coming face to face. On the Treasury side, Bessent's bond intervention carried out by increasing debt purchases risks conflicting with Fed Chair Kevin Warsh's efforts to curb inflation. The Treasury's moves toward buying debt securities in the market draw a picture that could make it difficult for the central bank to achieve price stability goals.

On the precious metals front, an upward trend stands out on the morning of Tuesday, 25 August. Gold prices gained momentum in the morning hours, reaching their highest level in the last three months. Although a slight pullback occurred on the silver side, prices continue to hold above the 68 dollar level. In the housing market, mortgage and refinancing interest rates started the day with a mixed course.

Significant activity has been observed in cryptocurrency markets in recent days. While Bitcoin recorded its highest daily open in more than three months, a positive atmosphere prevails across Bitcoin and Ethereum. Parallel to these price movements, total trading volumes on crypto exchanges doubling in just five days demonstrates the transaction intensity in the market.

On the corporate front, Apple cut its App Store fees in Europe. The company's recently announced earnings data confirm the financial rationale behind this move. On the other hand, for those wishing to step into the markets, simple starting methods stand out, showing that starting to invest does not depend on having thousands of dollars in savings or mastering complex financial terms.

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