Why Bitcoin Rallied: The “Debasement Trade” Explained
Bitcoin is up almost 23% this week, trading near $77,400 by Friday afternoon after opening the week around $62,600. Its highest level since early June. And the run kicked off on a day when stocks slid and the U.S. consumer looked shaky, which is not how a normal “risk-on” rally is supposed to work. So what lit the fuse?…









