Bitcoin Rides Debasement Trade to Three-Month High Above $80,000
Bitcoin surged to $80,908, its highest since mid-May, driven by renewed optimism in the crypto market and a 23% weekly gain. This increase follows US Treasury Secretary Scott Bessent's announcement of bond repurchases aimed at lowering long-term yields, which has reignited interest in the 'debasement trade.' The next key milestone is the market's response to ongoing regulatory discussions.