Bitcoin Moves Closer to Gold as US Debt Revives Debasement Trade

Bitcoin is behaving less like a technology stock and more like gold as its correlations shift sharply, according to Grayscale. Rising U.S. debt and renewed fiscal concerns are also bringing the debasement trade back into focus.

How Bitcoin is drifting away from tech stocks… and straight into gold’s territory!

Binance's Changpeng Zhao says Bitcoin could overtake gold soon.

August 29, 2026, 2:00 am

Ireland Moves $38M in Bitcoin Tied to Drug Dealer’s Lost Fishing Rod

Blockchain parsers show that Ireland’s Criminal Assets Bureau (CAB) has successfully moved another 500 BTC valued at $38 million from a large cluster of old unspent transaction outputs (UTXOs) that once belonged to a cannabis dealer named Clifton Collins.

August 29, 2026, 1:30 am

Latest Articles

Capital B’s €21 million Bitcoin raise comes with heavy warrant dilution risk

The planned 270 BTC nearly offsets the placement, while full warrant exercise would cut the displayed ratio about 24%.

August 28, 2026, 11:20 pm

Bitcoin's tie to gold has reached a level Bitfinex says its history keeps breaking

Bitfinex says that the relationship between Bitcoin and gold is close to the highest point of a range that it never stays at for long.

August 28, 2026, 10:58 pm

12 Years Later, Bitcoin Remembers the Man Who Got There First

Twelve years ago today, cryptographer Hal Finney died after a five-year fight with ALS, six years after he became the first person on Earth to receive a bitcoin transaction. His story is still one of the strangest, most human threads running through Bitcoin’s history.

August 28, 2026, 10:53 pm

Bitcoin Rally Stalls, But Long-Term Sentiment Remains Bullish

BTC gave back some of its gains after Fed Chair Kevin Warsh talked tough on inflation, but prediction market traders are still leaning bullish.

August 28, 2026, 9:16 pm

Bitfinex Signals Start of Bitcoin Price Bull Phase as Gold Tie Peaks

Analysts from Bitfinex stressed that this regime change comes as the debasement trade narrative takes center stage once again, with bitcoin starting to be considered, alongside gold, as a hedge against deteriorating fiscal and monetary fundamentals.

August 28, 2026, 8:27 pm

Bitcoin Price is Moving Like Gold, and Grayscale Says It's No Coincidence

Grayscale’s research arm warned this week that Bitcoin’s correlation with gold has climbed above 50%, a shift the asset manager frames as the return of the debasement trade. The finding marks a sharp reversal from recent years, when Bitcoin frequently traded in step with growth stocks rather than hard assets.

August 28, 2026, 7:50 pm

Bitcoin, Bonds, and Stocks Enter a Dangerous September Pattern

Bitcoin enters September near $80,000 as midterm history and a hawkish Fed collide in the year's riskiest stretch.

August 28, 2026, 7:25 pm

Stanford’s Dan Boneh warns quantum computers could crack Bitcoin and Ethereum sooner than expected

The potential for quantum computers to compromise current cryptographic systems could necessitate urgent, careful adaptation in blockchain security.

August 28, 2026, 6:04 pm

BTC Rejects $81,500 as Whales Build Massive Sell Wall at $81K

Bitcoin briefly rallied to $81,500 before pulling back below $79,300, failing to hold the critical $80,000 support level for the second time in a week. Bitcoin Loses Steam Ahead of Fed Chair Speech Bitcoin lost momentum soon after breaching $81,000, as markets awaited Federal Reserve Chair Kevin Warsh’s inaugural Jackson Hole speech.

August 28, 2026, 5:51 pm

BTC Exchange Price

$77,561.00 -2.85%

$76,962.00 Low High $79,992.00

$1.56T Market Cap

$32.06B Total Volume (2.06%)

$126,080 All Time High -38.48%

until new daily candle