Bitcoin rallies about 23% in a week toward $78,000–$80,000 as ETF inflows rise

Bitcoin surged nearly 22.9% in one week to trade near the $78,000 mark as liquidity hopes, ETF inflows boost crypto markets. The cryptocurrency was trading at $777,473 mark.In the past week, Ethereum was up 29.7%. Among the major altcoins, BNB, XRP, Solana, Tron, Hyperliquid, Dogecoin, and Cardano rallied upto 56.3%. The global crypto market capitalisation went up $2.2 trillion to $2.53 trillion in one week, according to Coingecko.Also Read | Explained: 5 reasons why skipping SIPs may affect your long-term wealth creation Nischal Shetty, Founder, WazirX said crypto markets recorded a strong weekly recovery as improving liquidity expectations outweighed pressure from elevated oil prices and long-term bond yields. Reduced expectations of further Federal Reserve tightening, Treasury buybacks and a weaker US dollar supported risk appetite.“Bitcoin moved from a bearish technical setup into a bullish daily structure as buyers cleared the $64,000, $70,000 and $74,000 levels. Crypto ETFs recorded approximately $1.45 billion in net inflows across four consecutive sessions this week, reversing roughly $220 million in outflows during the preceding three sessions”Shetty further said the strongest daily inflow approached $710 million which sustained return of capital coincided with rising crypto prices, indicating institutional participation and improving market confidence.In the past 24 hours, Bitcoin was up 2.8% and Ethereum was up 3% to trade at $2,440 mark. Among the major altcoins, BNB, XRP, Solana, Tron, Hyperliquid, Dogecoin, Cardano rallies upto 19.7%. The global crypto market capitalisation went up 3.1% to $2.71 trillion, according to Coingecko.Bitcoin is trading near $78,000 after rising more than 18% from the $63,000 region earlier this week, while Ethereum is near $2,500, said Riya Sehgal, Research Analyst, Delta Exchange.Strong Bitcoin ETF inflows have supported prices even after more than $4 billion in crypto shorts were liquidated. On-chain data also shows some distribution from long-term Bitcoin holders, so continued selling near higher levels will be worth watching, Sehgal further said.On Bitcoin crossing $75,000 mark, SB Seker, Head of APAC, Binance said Bitcoin’s move back above the $75,000 mark is a notable sign of renewed participation after a period of heightened volatility and macro uncertainty.Also Read | HDFC and Axis Mutual Fund resume subscriptions in gold ETFs and gold ETF FoFsMarket perspectivePrateek Gupta, Head of Business, MudrexBitcoin has pushed to around $79,000, continuing to rally supported by Treasury buybacks and Trump's White House crypto summit. A weekly close near current levels, followed by a monthly close above $80,000, could confirm a sustained rally toward $85,000. Meanwhile, $70,000 remains the key support as break below it could trigger a pullback toward $65,000.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Bitcoin is on track for its strongest weekly rally in more than three years as investors respond to falling long-term US bond yields, stronger institutional demand and renewed optimism around the cryptocurrency market.The world’s largest cryptocurrency climbed as much as 9.4% and was trading near $77,500 in late New York trading. Its weekly gain has reached roughly 23%, potentially marking its biggest seven-day increase since March 2023.Bond market move triggers Bitcoin rallyThe latest surge followed US Treasury Secretary Scott Bessent’s announcement that the government would at least double its purchases of longer-dated bonds. The move pushed long-term yields lower and encouraged investors to increase exposure to riskier assets.Bitcoin ETFs See $390 Million Weekly Outflows As Investor Sentiment Turns Cautious The rally was also amplified by a wave of short-position liquidations. Nearly $2.5 billion in leveraged bearish Bitcoin positions and about $4.5 billion across cryptocurrencies were reportedly liquidated over three days, according to Coinglass data.Institutional demand has provided another boost. US-listed spot Bitcoin ETFs are heading for their strongest weekly inflows since January, with the 13 funds attracting more than $1 billion so far this week.Trump support and ETF demand lift sentimentInvestor confidence also improved after US President Donald Trump met cryptocurrency industry executives, including representatives from Coinbase and other major firms. Trump urged the Senate to advance the Clarity Act, legislation aimed at establishing a regulatory framework for digital assets. Shares of crypto-linked companies also rallied, with Coinbase gaining 8.2%, Strategy rising 6% and Circle advancing 5.2%.Despite the rally, Bitcoin remains well below its record high of more than $126,000 reached last October, underscoring the cryptocurrency’s continued volatility.

New Delhi: Bitcoin surged toward the $80,000 mark on Saturday, on track for its strongest weekly gain in more than three years amid optimism of traders related to a spike in bond yields.The cryptocurrency jumped as much as 4.8 per cent over 24 hours and was trading around $78,588 as of 9:10 am. Bitcoin (BTC) gained 0.6 per cent in the past hour and 24.5 per cent across the past week, marking a strong weekly rally as traders assessed a new initiative from the US aimed at fiscal consolidation.BREAKING: $BTC surges toward $80,000, up more than 10% in 24 hours to a three-month high, wiping out over $4 billion in short bets. pic.twitter.com/MiZ6mxDSGW— HIT.com (@HIT) August 21, 2026 Such a weekly advance was not experienced by the cryptocurrency since March 2023. Bitcoin last traded near $80,000 in May 2026.Bitcoin ETFs See $390 Million Weekly Outflows As Investor Sentiment Turns Cautious Analysts said the rally was driven partly by a US Treasury announcement that it would double its long‑dated bond buybacks, a move that pushed long yields lower and lifted risk appetite across markets.The announcement forced the liquidation of billions of short positions, amplifying the price move in crypto, market participants said.Meanwhile, gold also reached its highest level since May after concerns rose among investors that the intervention in the bond market will weigh on the dollar.US President Donald Trump’s meeting with executives from crypto firms such as Coinbase Global and Payward was also taken as a positive indication about the administration’s favourable stance to crypto.Bitcoin Hits Two-Week High After US–Iran Peace Deal Boosts Risk Appetite Institutional buyers returned to the market this week, with the US-listed spot Bitcoin exchange-traded funds set to clock their largest weekly inflows since January.Collectively, 13 ETFs have seen inflows of over $1 billion so far this week, further driving the bullish mood in crypto.Bitcoin remains far below its peak near $126,000 seen in October 2025, followed by a major sell-off that bottomed out at $58,642 in late June 2026.Disclaimer: This story is from the syndicated feed. Nothing has been changed except the headline.