Over the past week, the leading cryptocurrency demonstrated an impressive surge, rising by $14,775. This is an absolute record for weekly growth in dollar terms in the entire history of digital assets. By Friday morning, the price reached $77,593, starting from $62,818—a gain of 23.5%. In percentage terms, this is only the 41st result since 2010, but the last time a similar jump was recorded was in March 2023.
Rally Drivers: Macroeconomics and Regulation
At the core of this rapid movement are two key events that fundamentally changed market sentiment. First, the U.S. Treasury announced plans to double its long-term bond buyback program, directly aimed at lowering their yields. This is a signal of monetary policy easing, which traditionally favors risk assets, including Bitcoin.
Second, U.S. President Donald Trump called on Congress to pass the CLARITY bill, which would establish clear federal rules for classifying digital assets—as securities or commodities. Such legal certainty removes one of the main barriers for institutional capital, which immediately reflected in investor appetite.
An additional catalyst was a massive short squeeze. Over the week, short positions totaling about $2.7 billion were forcibly closed on the crypto market. Traders betting on declines were caught off guard, which only accelerated the reversal and triggered the fastest upward impulse of 2026.
ETF Flows and Shifting Sentiment
U.S. spot Bitcoin ETFs recorded their largest weekly inflow since October 2025. Moreover, August inflows could become the largest since the start of the year, finally reversing the prolonged outflow streak seen in 2026. Nevertheless, fund holders are still at a loss: the average purchase price across their portfolios is $84,029, while the spot rate at the time of analysis is $78,955. This means the current growth has only partially offset previous losses.
The Crypto Fear and Greed Index jumped to 74 on August 25—the highest level since October 2025. The market has clearly exited the pessimism phase, and institutional optimism is becoming the dominant trend.
Yesterday, August 27, the spot Bitcoin rate already surpassed the $80,000 mark. Whether the ascent continues will largely depend on whether ETF inflows persist in September. In my view, if regulatory clarity is achieved and the macroeconomic backdrop remains favorable, we could see consolidation above $80,000 with potential for further assault on historical highs. However, volatility should not be underestimated: the market is still recovering positions, and corrective movements are inevitable.