Bitcoin rises 4.6% for third straight weekly gain to $82,272.31

  • Bitcoin is set for a third consecutive weekly gain.
  • Bitcoin rose 4.6% this week to reach $82,272.31.
  • Bitcoin broke above $70,000 in late August amid a renewed debasement trade.

Bitcoin is on track for a third consecutive weekly gain, rising 4.6% this week to reach $82,272.31, its highest level since May 11. The advance followed a break above $70,000 in late August and was driven by renewed interest in the debasement trade, an investment strategy centered on assets viewed as protection against currency erosion.

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