Bitcoin rises above $80,000 as soft dollar, debasement fears boost momentum
Bitcoin prices surged past $80,000, reaching a three-month high amid concerns over U.S. dollar debasement and bond market interventions. Analysts suggest that Treasury policies aimed at capping long-term yields are creating a favorable environment for digital assets and gold.
Why it matters
The rise highlights how macroeconomic policy and currency devaluation fears are driving institutional and retail interest in alternative assets like Bitcoin.
Bitcoin rose above $80,000 to hit a more than three-month high on Tuesday as a soft U.S. dollar, in the wake of the moves by Treasury Secretary Scott Bessent to calm the bond market, revived momentum in the crypto sector.
U.S. President Donald Trump last week called on Congress to pass a bill that would bring clearer definitions to the growing cryptocurrency sector. Since then, bitcoin, the world’s largest cryptocurrency, has risen 16%.
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