Bitcoin Rises to a Record as 'Debasement' Trade Spurs Risk Rally," here is a summary of the article's content:

 Bitcoin Rises to a Record as 'Debasement' Trade Spurs Risk Rally,"

Record High: Bitcoin set another all-time high, climbing as high as approximately $125,689 (or nearly $161,000 in some reports) in Asia, topping its previous record set in mid-August


Driving Factor ("Debasement Trade"): The rally is fueled by a broader "risk rally" spurred by investor speculation that events like the US government shutdown (which kicked in on Oct 1) will drive investors toward assets seen as safe havens against a weakening US Dollar.

The "debasement trade" is the belief that government actions may devalue fiat currency, leading investors to seek alternatives like Bitcoin, gold, and other hard or scarce assets. 



Market Context: The rise in Bitcoin is supported by an uptick in US equities and renewed inflows into Bitcoin-linked exchange-traded funds (ETFs), highlighting a coordinated move in speculative corners and mainstream markets.

Corporate Demand: Public companies, notably Michael Saylor's Strategy, have boosted demand by stockpiling Bitcoin as a corporate treasury tactic, a practice that has spread to smaller competitors.



"Uptober": The bullish sentiment is also attributed to the cryptocurrency's historical outperformance in October, which has been nicknamed "Uptober." 

Comments

Post a Comment

Popular posts from this blog

October super moon

Image
    The Harvest Moon will also be a Supermoon this October, making it appear slightly larger and brighter than usual.  * When: The full moon reaches peak illumination on Monday, October 6, 2025, at 11:47 p.m. Eastern Time (ET). It will appear full and bright on the nights immediately before and after the peak.  * Significance: It is called the Harvest Moon because it is the full moon that occurs closest to the Autumnal Equinox (September 22/23), traditionally providing extended evening light for farmers to harvest crops. This is a rare occurrence for the Harvest Moon to fall in October, happening about 18 times between 1970 and 2050.  * Supermoon: This October full moon is also the first of three consecutive Supermoons of 2025. A Supermoon occurs when a full moon is near its closest point to Earth in its orbit, making it appear up to 14% larger and 30% brighter than the year's faintest full moon.  * Best Viewing: The best time to view it is generally sho...
Read more

SNL mocks Hegseth, Trump as it returns with 51st season premiere

Image
  The Washington Post article you are looking for is titled "SNL mocks Hegseth, Trump as it returns with 51st season premiere." "Jeremy Culhane, a new cast member, opened the sketch in a surprising nod to the abundance of fresh faces this season, but he quickly relinquished the reins to Jost. In his second time hosting, Bad Bunny confidently marshaled the show through familiar sketch setups. His monologue surveyed the world according to the superstar rapper-producer: he didn't pull double duty on SNL as its musical guest because he was feeling exhausted after just finishing a 31-concert residency. Whispers of a Taylor Swift appearance didn't pan out. But the singers behind another megahit this year made a surprise cameo. In one sketch, Bad Bunny played a character obsessed with “KPop Demon Hunters,” before Bowen Yang appears playing the demon Jinu. To wrap things up, vocalists EJAE, Audrey Nuna and Rei Ami, who voice the movie's fictional band Huntr/x, appea...
Read more