Bitcoin Surges as Institutional Demand, Short Covering, Clarity Act Progress Converge

The cryptocurrency jumped more than 9% to hit a peak of $79,455 on Friday-its highest level since late May-as a combination of catalysts coincided.

Gold Above $4,600 on Weaker Dollar, Debt Fears

Gold climbed back above the $4,600-an-ounce mark as investors viewed the U.S. Treasury's plans to expand bond buybacks to bring long-term yields lower as a sign of stress, sparking a fresh round of dollar selling.

Bitcoin Jumps While the S&P Heads for Weekly Loss