MarketPR
Bitcoin and gold have reversed course after both assets gave back much of last week's gains, a move driven by Federal Reserve Chairman Kevin Warsh's recent speech.
The two assets had climbed in step through August as investors pursued a debasement trade, but that momentum broke when Warsh delivered a more hawkish reading of the economy at Jackson Hole on Friday.
The initial rally originated in the bond market, where the US Treasury announced it would double its buyback cap for longer-dated debt to at least $4 billion.
Investors responded by shifting capital from fiat currencies into alternative assets.
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