Topline

The price of Bitcoin rose past $80,000 late on Monday, leading a continued rise in the price of major cryptocurrencies that began last week amid interest in the so-called “debasement trade” after the Treasury intervention in the bond market.

Key Facts

The price of Bitcoin—the world’s most valuable cryptocurrency by market cap—rose to $80,453 early on Tuesday, up more than 25% in the past week.

This is the first time since mid-May that Bitcoin has crossed $80,000—but it is still well below the all-time peak of $126,000 reached last year.

Ether, the second-most valuable cryptocurrency by market…