--- title: "Dow Jones Top Markets Headlines at 11 AM ET: Bitcoin Surges as Institutional Demand, Short Covering, Clarity Act Progress Converge | Gold ..." type: "News" locale: "en" url: "https://longbridge.com/en/news/296635350.md" description: "Bitcoin surged over 9% to $79,455 driven by institutional demand and regulatory progress. Gold rose above $4,600 amid dollar weakness and debt concerns. The Fed considers inflation strategies from key economists. Canadian retail sales stalled, while the U.S. plans beef imports to curb prices. Global business activity picked up despite geopolitical headwinds. Japan's inflation rise fuels rate hike expectations. UK borrowing increased despite record tax revenue, and Canada nears a trade deal with the U.S." datetime: "2026-08-21T15:30:16.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296635350.md) - [en](https://longbridge.com/en/news/296635350.md) - [zh-HK](https://longbridge.com/zh-HK/news/296635350.md) generator: "portal-rs" --- # Dow Jones Top Markets Headlines at 11 AM ET: Bitcoin Surges as Institutional Demand, Short Covering, Clarity Act Progress Converge | Gold ... 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. ---- The Three Minds Leading the Fed's Inflation Rethink Greg Mankiw, Thomas Sargent and William White all have strong ideas about why prices rise. Their work could guide how the Fed fights inflation. ---- Canada Retail Sales Slip After Rising a Sixth Straight Month in June Canadian spending, which has helped underpin a sluggish economy, stalled last month and snapped a run of rising retail trade through the first half of 2026. ---- U.S. to Boost Beef Imports to Address High Prices, Trump Says The president said he would temporarily allow up to 300,000 metric tons of ground beef to be imported into the U.S. without paying higher tariffs. ---- Europe and Asia See Pickup in Activity Despite Headwinds Business activity in the U.S., Europe and parts of Asia has picked up in the face of a series of headwinds related to the war in the Middle East, suggesting the global economy cooled slightly in the second quarter. ---- Japan Inflation Picks Up as Rate-Boost Bets Firm Japan's consumer inflation picked up last month, firming expectations that the next interest-rate hike is around the corner. ---- Bessent's 'Big Toolkit' Leaves Investors Guessing About Next Treasury Surprise The Treasury Secretary surprised markets by buying back more long-term debt to lower yields. ---- U.K. Government Borrowing Rose Despite Record Income Tax Revenue The U.K. government borrowed more in July than a year earlier as an increase in spending more than offset record revenues from income taxes. ---- Canada Trade Official Says Tariff Deal With U.S. 'Very Close' Dominic LeBlanc, Canada's minister in charge of U.S. trade, said Ottawa and Washington are "very close" to finalizing an agreement. ---- Trump Wants to Revive Keystone XL. The Industry Has a Different Plan. A trio of proposed pipelines would serve the same function-delivering heavy oil from western Canada to Gulf Coast refineries-without the hot-button name. (END) Dow Jones Newswires August 21, 2026 11:15 ET (15:15 GMT) Copyright (c) 2026 Dow Jones & Company, Inc. ### Related Stocks - [GBTC.US](https://longbridge.com/en/quote/GBTC.US.md) - [ARKB.US](https://longbridge.com/en/quote/ARKB.US.md) - [GLDM.US](https://longbridge.com/en/quote/GLDM.US.md) - [UGL.US](https://longbridge.com/en/quote/UGL.US.md) - [GLD.US](https://longbridge.com/en/quote/GLD.US.md) - [BITB.US](https://longbridge.com/en/quote/BITB.US.md) - [SGOL.US](https://longbridge.com/en/quote/SGOL.US.md) - [IBIT.US](https://longbridge.com/en/quote/IBIT.US.md) - [IAU.US](https://longbridge.com/en/quote/IAU.US.md) - [GLDW.US](https://longbridge.com/en/quote/GLDW.US.md) - [FBTC.US](https://longbridge.com/en/quote/FBTC.US.md) - [BITO.US](https://longbridge.com/en/quote/BITO.US.md) - [BRRR.US](https://longbridge.com/en/quote/BRRR.US.md) - [BTCO.US](https://longbridge.com/en/quote/BTCO.US.md) - [BTCW.US](https://longbridge.com/en/quote/BTCW.US.md) - [HODL.US](https://longbridge.com/en/quote/HODL.US.md) - [EZBC.US](https://longbridge.com/en/quote/EZBC.US.md) - [03008.HK](https://longbridge.com/en/quote/03008.HK.md) - [03042.HK](https://longbridge.com/en/quote/03042.HK.md) - [03430.HK](https://longbridge.com/en/quote/03430.HK.md) - [518850.CN](https://longbridge.com/en/quote/518850.CN.md) - [GOLD.AU](https://longbridge.com/en/quote/GOLD.AU.md) - [BTCE.DE](https://longbridge.com/en/quote/BTCE.DE.md) - [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md) ## Related News & Research - [Amboss Opens Affiliate Program: Earn Recurring Bitcoin Commissions by Growing Bitcoin Payments](https://longbridge.com/en/news/296124824.md) - [Bitcoin Standard Treasury Company (BSTR) Terminates Business Combination, Team Continues Pursuing Active Bitcoin Treasury Management | CEPO Stock News](https://longbridge.com/en/news/296540800.md) - [Paul Tudor Jones Is Buying Bitcoin ETF IBIT Again — But His Trade Has Changed](https://longbridge.com/en/news/296136074.md) - [Bitcoin lands on the same custody rails Citi uses for equities and bonds](https://longbridge.com/en/news/296272222.md) - [LQWD Technologies CEO to Speak at Bitcoin Asia 2026 in Hong Kong | LQWDF Stock News](https://longbridge.com/en/news/296496835.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**