Bitcoin has reportedly delivered its strongest weekly performance in more than three years, climbing more than 23% as the cryptocurrency broke out of a prolonged summer range.
The asset moved from levels near $62,000–$63,000 at the start of the week to a peak around $79,500 before settling in the high $77,000s to low $79,000s by Monday.
The advance marks the largest percentage gain for seven days since March 2023, when Bitcoin rose sharply amid the regional banking crisis. In dollar terms, the weekly increase of roughly $14,000 to $15,000 ranks among the largest on record.
Also. Trading volumes expanded significantly as the price cleared successive resistance levels, including moves past $70,000 and $75,000.
Institutional demand played a central role. U.S. spot Bitcoin exchange-traded funds recorded approximately $1.92 billion in net inflows over the week, the strongest total since October 2025.
BlackRock’s iShares Bitcoin Trust (IBIT) accounted for the majority of the capital, with one single day alone bringing in more than $600 million. The influx reversed prior weeks of weaker or negative flows and coincided with a sharp rise in ETF trading activity.
Macro factors also supported the move. Announcements related to expanded U.S. Treasury buybacks helped ease yields and improved liquidity conditions for risk assets. Derivatives markets amplified the rally through large short liquidations, with billions of dollars in positions closed as prices accelerated higher.
The combination of fresh institutional buying and forced covering created a powerful upward feedback loop.
The broader cryptocurrency market participated in the rebound. Ethereum and several major altcoins posted double-digit gains over the same period, lifting overall market capitalization. Ethereum’s price broke above $2,500 U.S. in early trading on Aug. 24, having gained 34% over the last seven days. In contrast, Bitcoin’s price has increased 24% over the same time period.
Bitcoin’s dominance remained elevated, reflecting its leadership in the move. Despite the strong week, Bitcoin remains well below its October 2025 all-time high near $126,000, leaving substantial ground still to recover on a longer-term basis.
This rally changes the unpleasant picture of the first two quarters of 2026, restoring optimism to the market after months of intense pressure on the price.
The first half of the year proved extremely difficult for investors, as the declines in January and February were followed by a 20.5% plunge in June, which brought bearish sentiment back to the market.
Zaye Capital market analyst Naeem Aslam says Bitcoin is increasingly trading as both a risk-sensitive asset and a hedge against fiscal and monetary policy uncertainty.
Market participants are now watching whether the renewed ETF demand and improved sentiment can sustain further gains or whether the rapid advance invites consolidation.
Outlook
The near-term outlook for Bitcoin remains constructive, although the pace of the latest advance raises the likelihood of increased volatility and a period of consolidation.
Sustained ETF inflows could provide a strong foundation for further upside, particularly if institutional demand remains elevated and macroeconomic conditions continue to support liquidity-sensitive assets.
While the sharp weekly rally has significantly improved sentiment, Bitcoin’s ability to maintain momentum after such a large move will be critical in determining whether the latest surge develops into a broader recovery toward its previous all-time high.







