Bitcoin Leads Crypto Revival With Second-Biggest Weekly Jump Since 2021
- A stronger Treasury buyback program, substantial ETF inflows and a weakening dollar have combined to drive a sharp crypto market breakout.
- Bitcoin jumped 23.6% last week, marking its second-largest weekly gain since February 2021.
- BTC climbed from approximately $62,000 to nearly $79,500 before pulling back to around $77,000. The only stronger weekly performance since February 2021 came during the market rebound following the Silicon Valley Bank crisis in March 2023.
- Ether performed even better, rising 31.3% from below $1,900 to more than $2,520 before retreating slightly below $2,500.
- The rally came after several months of consolidation, with crypto markets largely stuck in ranges while volatility declined and investors continued to accumulate.
- That prolonged period of subdued trading left the market vulnerable to a powerful breakout once a major catalyst emerged. Treasury Secretary Scott Bessent’s announcement of expanded Treasury bond buybacks helped provide that trigger, pushing yields and the dollar lower and making risk assets more attractive.
- U.S.-listed spot ETFs added significant momentum. Bitcoin ETFs recorded $1.92 billion in net weekly inflows, their largest total since Oct. 10, when BTC was near its $126,000 record. Ether ETFs attracted $697 million, their strongest weekly inflow since early October 2025.
- Bitcoin and Ether both moved above their 200-day simple moving averages, a widely followed measure of longer-term market direction. Their 50-day averages are also starting to turn upward, creating the potential for a golden cross if the shorter-term average moves above the 200-day average.
- The rally has also brought renewed attention to the “debasement trade,” which involves holding scarce assets such as Bitcoin and gold as protection against declining fiat purchasing power caused by expanding debt, monetary growth and persistent inflation.
- Gold has climbed above $4,600 after gaining 15% in the past month, while also moving above its 200-day moving average of $4,504.
- Meanwhile, the U.S. Dollar Index has slipped to 98.9, falling below its 200-day average of 99.1.
- The combination of a weaker dollar and lower yields is giving Bitcoin, gold and other risk assets another tailwind, helping sustain the broader crypto rally.
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