Bitcoin is rising as market uncertainty pushes some traders toward crypto as an alternative asset.
Weekly Gain: Up 4.6% week-to-date.
Peak Price: Hit an overnight high of $82,272.31, its highest level since May 11 (when it peaked at $82,499.99).
Current Level: Last trading at $81,151.10.
The main driver is the “debasement trade”— investors moving money away from the U.S. dollar and toward assets such as Bitcoin and gold amid concerns about currency value and changing Treasury-market conditions.
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