Bitcoin continues to lose value as investors shift toward assets that resist currency depreciation.

Bitcoin continued its climb toward the $80,000 level on Thursday, maintaining its steady gains since last week. Eric Balthaus, a Bloomberg ETF analyst, noted the growing demand for Bitcoin amid a broader wave of asset and currency value erosion. The loss‑to‑gain ratio for spent Bitcoin is above 1, indicating that investors are beginning to book profits after the recent rebound. Technical forecasts for Bitcoin point to further upside, with traders awaiting confirmation of the $80,000 breakout. Bitcoin’s increasing role as a value‑resistance asset is reflected in hedging trades against currency and asset devaluation, signaling a strategic shift in investments that typically accompanies expectations that cash or other financial assets will lose part of their value. Rising U.S. inflation and a U.S. debt exceeding $40 trillion reinforce this trend, driving demand toward scarce assets, led by gold and Bitcoin. Eric Balthaus highlighted the renewed institutional demand for gold and Bitcoin in a post on X on Wednesday. The data he shared showed that gold and Bitcoin ETFs together recorded inflows exceeding $7 billion over the past week, the largest five‑day flow on record, mainly driven by hedging trades against currency and asset devaluation that pull capital away from AI stocks. Balthaus also noted that Bitcoin’s next rally may focus on its identity as a value‑resistance asset rather than short‑term narratives such as the “Clarity” law, ETF adoption, and Bitcoin Treasury flows at Strategic. Suso Value data showed that Bitcoin ETFs recorded net inflows of $232.12 million on Wednesday, continuing an eight‑day streak of positive flows. The start of profit‑taking is reflected in the Bitcoin loss‑to‑gain ratio for spent currencies, which is around 1.01 after surpassing 1 on August 20, indicating that Bitcoin holders are beginning to book gains. A sustained ratio above 1 typically signals a stable recovery for Bitcoin, with buyers continuing to absorb selling pressure from increased supply.

The dollar rose in Thursday trading, offsetting some of last week’s losses as investors awaited signals on the Federal Reserve’s monetary policy path during the Jackson Hole symposium, after data showed inflation remaining higher than economists had expected.

• The U.S. dollar rises against a basket of global currencies

• Continued expectations of U.S. rate hikes before year‑end

• Markets await the Fed Chair’s statement