Bitcoin (BTC) defies inflation playbook, rallies 19%. Here’s what has changed
Bitcoin Bitcoin$80,824.77 The continued rally goes against typical inflationary strategies. This raises the question of whether cryptocurrencies have quietly transitioned from risk assets to inflation hedges. The leading cryptocurrency by market capitalization has gained 19% in just over a month, surpassing $80,000 on Monday for the first time since January. The rebound comes as oil…