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Digital assets and crypto corporate treasuries continued their upward trajectory after a major macroeconomic shift triggered over $4 billion in short liquidations and pushed Bitcoin toward $80,000.
Bitcoin climbed to $77,132 on Friday, capping off a week of heavy gains driven by macroeconomic policy shifts and forced liquidations of short positions.
Investors have pushed market-based inflation expectations to multi-month highs following the Treasury Department's decision to double its debt buyback operations, compounding market pressure from record corporate debt issuance by AI hyperscalers.
Minutes from the Federal Reserve's July meeting show policymakers are prepared to raise interest rates if inflation fails to move closer to their 2% target, despite keeping the benchmark rate steady at 3.5% to 3.75%.
Treasury Secretary Scott Bessent announced a major expansion of bond buybacks to curb rising long-term yields, a move that could force Fed Chairman Kevin Warsh to take a more aggressive stance on interest rates.
Technology stocks pulled down broader markets on Tuesday as high government bond yields and Middle East tensions sparked inflation fears, creating headwind risks for enterprise tech and AI infrastructure spending.
AMD has completed its largest U.S. dollar bond sale to date, raising $4.75 billion across four tranches amid surging capital demands across the artificial intelligence sector.
Across the United States, communities are uniting in opposition to the development of new AI data centers, transcending traditional political divides.
