Bitcoin Rises to $81,000 as Debasement Trade Sends Scarcity into Focus

A surge in Bitcoin's price has investors looking at the $100K target again. BTC rose by 1.3% as renewed interest in the debasement trade sent scarce assets into focus.

The move, which saw Bitcoin briefly break above $81,000, was linked to concerns over U.S. debt, the dollar, and long-term Treasury yields.

Ethereum also gained around 7% over the week, putting both Bitcoin (BTC) and Ethereum (ETH) back in focus for traders tracking upcoming crypto presales.

Apeing's whitelist is approaching its closing stage, while the presale is nearing its next phase in just 8 days, making the window for early access increasingly short.