Bitcoin Heads for Third Consecutive Weekly Gain Amid Macro Market Volatility
Bitcoin is set to record its third consecutive weekly gain, rising more than 4.6% this week and reaching a high of $82,272.31 — the highest level since May 11. The cryptocurrency has been in a trading range between $60,000 and $70,000 for much of the year but broke above $70,000 in late August amid renewed interest from investors shifting away from dollars into assets like crypto or gold. The so-called debasement trade has regained momentum as U.S. Treasury actions led to a weaker dollar and rising long-term yields, which boosted Bitcoin and gold prices. Other cryptocurrencies such as Ether and Solana also saw gains this week, with Ether hitting $2,545.62 — its highest since August 27 — and Solana reaching about $105.70.
Tickers: $HSDT
Topics: Bitcoin debasement trade Ether market trends Solana