Bitcoin has set a new historical record for weekly growth: +$14,264 in seven days
The past week was a landmark one for the digital asset market. Between August 17 and 23, the leading cryptocurrency posted an unprecedented weekly gain, rising by $14,264. This is an absolute record in the entire history of Bitcoin. At the close of the seven-day period, the asset finished at $77,387, corresponding to a 22.4% increase.
During the active rally, BTC quotes broke through the psychologically important level of $79,000. On the Binance platform, the price reached $79,500 — the highest value since mid-May. This dynamic confirms a significant influx of liquidity and a shift in market sentiment.
Cycle Change Signals: A View from Strive
Matt Cole, head of the investment company Strive, draws attention to the highly indicative dynamics of the BTC/GOLD pair. According to his observations, the Bitcoin-to-gold ratio showed leading signals even before this was reflected in dollar-denominated pairs. In December 2024, Bitcoin peaked relative to the precious metal, while in dollar terms, highs were being updated up until October 2025. In the bearish phase, the situation mirrored itself: the bottom against gold was recorded in February 2026, while the low against the dollar only came in July.
"BTC/USD was showing strength, while BTC/GOLD was already signaling a weakening of the bull market," the expert emphasizes. Now, however, the first cryptocurrency has simultaneously broken upward against both the dollar and gold, which Cole regards as a strong argument in favor of the bear cycle coming to an end. He expresses high confidence in improved prospects over a 12–18 month horizon, although he does not rule out a significant correction — though in the event of a decline, he expects active demand.
The key drivers of the new cycle, according to Cole, will be the long-term weakening of the dollar and the development of artificial intelligence. A reduction in the cost of intelligent technologies will strengthen the scarcity premium, channeling capital into assets with limited supply — Bitcoin and gold. "Bitcoin will lay claim to an ever-larger share of the growing pool of capital," he concludes, calling the combination of these factors unprecedented for the first cryptocurrency.
An additional catalyst for the rally, according to CryptoQuant analysts, was the chain liquidation of short positions on Binance futures, which triggered a cascading upward price movement.
My comment: The uniqueness of the current situation lies in the synchronous breakout of key levels in both fiat and commodity pairs. Whereas previously Bitcoin often showed divergence in its dynamics against the dollar and gold, the market is now demonstrating a consolidated signal. This could indicate the formation of a sustained uptrend, but investors should remain cautious — BTC's historical volatility has not gone away, and corrective moves of 15–20% remain the norm even in a bull cycle.