Bitcoin News Today: Bitcoin surge linked to global ‘debasement trade’ as investors hedge inflation
Bitcoin has recently soared to new heights, surpassing $126,000 per coin. This surge is attributed to the “debasement trade,” where investors move away from fiat currencies and invest in assets like Bitcoin to protect against inflation and currency devaluation. The U.S. dollar’s decline has intensified this trend, prompting both institutional and retail investors to seek…