Crypto and gold surged together last week while equities fell, prompting quant trading firm Wintermute to call Bitcoin‘s (CRYPTO: BTC) best week since March 2024 “a debasement board.” Wintermute's weekly market update on X broke down the split between assets outside the fiscal complex and those priced off it: Asset Weekly Move XRP +40% Bitcoin +23.78% Ethereum +31.48% Gold +5.45% S&P 500 -1.37% Russell 2000 -1.68% Nasdaq -2.41% Source: Wintermute X Report What Actually Triggered the Move According to the report, six weeks of compressed volatility had stacked a dense band of short liquidation levels directly above Bitcoin's range.