Archive · 22 Aug 2026
Bitcoin Heads Toward Biggest Weekly Gain Since 2023
Bitcoin’s price has risen sharply this week.
It could have its biggest weekly increase in more than three years.
The price reached about $77,500 during late trading.
Long-term United States bond yields fell, making riskier investments more attractive.
Many investors also put money into spot Bitcoin ETFs.
More than $1 billion entered these funds this week.
Investors became more hopeful after Donald Trump met cryptocurrency executives and supported digital-asset legislation.
Some falling Bitcoin prices bets were forced to close, helping push the price higher.
However, Bitcoin is still far below its record price of more than $126,000.
Bitcoin rose as much as 9.4% and traded near $77,500 in late New York trading.
Its weekly gain reached roughly 23%, potentially its largest seven-day increase since March 2023.
Falling long-term United States bond yields helped drive demand for riskier assets.
The 13 United States spot Bitcoin ETFs attracted more than $1 billion this week.
Bitcoin remains well below its record high of more than $126,000 reached last October.
- Who
- Bitcoin investors, institutional ETF investors, United States officials and cryptocurrency-industry executives are involved.
- What
- Bitcoin is recording a weekly rally of roughly 23%, potentially its strongest seven-day gain since March 2023.
- When
- The surge occurred during the reported trading week, with Bitcoin trading near $77,500 in late New York trading.
- Where
- The market activity centered on United States bond markets, United States-listed Bitcoin ETFs and cryptocurrency markets.
- Why
- Falling long-term bond yields, strong ETF inflows, short-position liquidations and improved regulatory optimism helped lift demand.
Bullish interpretation
Cautious interpretation
Market momentum
Bullish interpretation
Falling long-term bond yields, rising institutional demand and more than $1 billion in ETF inflows indicate improving investor confidence.
Cautious interpretation
The rally was partly amplified by forced liquidations of leveraged bearish positions, which may reflect market volatility rather than purely new investment.
Bitcoin’s outlook
Bullish interpretation
Support from cryptocurrency executives, Donald Trump’s backing for the Clarity Act and strong ETF demand have renewed optimism around digital assets.
Cautious interpretation
Bitcoin remains far below its record high of more than $126,000, underscoring that the cryptocurrency remains volatile.
- Bitcoin price
- Bitcoin climbed as much as 9.4% and traded near $77,500.
- Weekly gain
- The cryptocurrency’s weekly gain reached roughly 23%.
- ETF inflows
- Thirteen United States spot Bitcoin ETFs attracted more than $1 billion this week.
- Liquidations
- Nearly $2.5 billion in leveraged bearish Bitcoin positions and about $4.5 billion across cryptocurrencies were reportedly liquidated over three days.
- Record high
- Bitcoin’s record high was more than $126,000, reached last October.
- Related stocks
- Coinbase gained 8.2%, Strategy rose 6% and Circle advanced 5.2%.
- Policy development
- Donald Trump urged the Senate to advance the Clarity Act, which aims to establish a digital-asset regulatory framework.