Bitcoin Reclaims $81,000 as Zcash Tops $1,000 Amid Dollar Concerns

The global cryptocurrency market capitalization has reached $2.82 trillion, its highest level in over seven months.

Bitcoin has reclaimed the $81,000 mark, up 5.4%, while Zcash (ZEC) has surpassed $1,000 for the first time in its history.

The 'debasement trade', an investment strategy hedging against dollar depreciation, is re-emerging amid concerns over U.S. fiscal health, with analysts suggesting that the simultaneous rise in Bitcoin and gold points to this trend.