Bitcoin Approaches $110K Amid Global Debt Concerns
- Bitcoin reached $109,845 on Binance, surpassing its previous high of $109,588.
- Gold prices increased by 0.6% to $3,312 per ounce.
- Japan’s long-term bond yields hit record highs: 3.14% for the 30-year and 3.6% for the 40-year bonds.
- The US national debt is nearing $36 trillion, with potential to exceed 120% of GDP in a decade.
- US-listed spot Bitcoin ETFs saw nearly $1 billion in net inflows over two trading sessions.
Bitcoin’s price surge to $109,845 is driven by global fiscal instability and increasing demand for safe-haven assets like gold. Corporate and institutional investments further fuel this rally as the US national debt approaches critical levels.
Source (2.6)https://cryptobriefing.com/bitcoin-record-high-amid-japan-debt/?rand=59535
