Bitcoin Roars Back With Its Strongest Weekly Gain Since Early 2021

Treasury buybacks, strong ETF demand and a weaker U.S. dollar combined to fuel a powerful crypto breakout.
Crypto markets delivered one of their strongest weekly performances in years, with Bitcoin jumping 23.6% last week.
Bitcoin climbed from roughly $62,000 to a peak near $79,500 before easing back to around $77,000. It marked BTC’s second-biggest weekly gain since February 2021, with only the rally following the Silicon Valley Bank crisis in March 2023 proving stronger.
Ether outperformed even Bitcoin, rising 31.3% from below $1,900 to above $2,520 before pulling back to just under $2,500.
The size of the move was partly a result of the market setup beforehand. Crypto had spent months moving sideways, volatility had fallen sharply and investors had continued building positions.
That prolonged period of compression left the market vulnerable to a major breakout once a strong catalyst emerged. The trigger came when Treasury Secretary Scott Bessent announced plans to increase Treasury bond buybacks, sending yields and the dollar lower and creating a more favorable environment for risk assets.
U.S.-listed spot ETFs added another layer of buying pressure. Bitcoin ETFs attracted $1.92 billion in net inflows during the week, marking their biggest weekly inflow since Oct. 10, when BTC was trading just below its record high of $126,000. Ether ETFs brought in $697 million, their strongest weekly inflow since early October 2025.
The rally pushed both Bitcoin and Ether above their respective 200-day simple moving averages, a key gauge widely used to assess long-term market direction. Their shorter-term averages are also starting to rise, increasing the possibility of a “golden cross,” a pattern that occurs when the 50-day average moves above the 200-day average and is often interpreted as a bullish momentum signal.
As prices rise, the narrative around the so-called “debasement trade” is gaining traction again. The strategy involves buying scarce assets such as Bitcoin and gold as protection against declining fiat purchasing power caused by factors such as expanding debt, money creation and persistent inflation.
Gold has also strengthened, climbing back above $4,600 and gaining 15% over the past month. The precious metal has also moved above its 200-day average of $4,504.
At the same time, the U.S. Dollar Index, or DXY, has declined to 98.9, falling below its 200-day average of 99.1. The combination of a softer dollar and lower yields has created another supportive backdrop for Bitcoin, gold and other risk-sensitive assets.