We are so back! Bitcoin’s 23% rally on US debt policy: Hodler’s Digest

Bitcoin suddenly surges: Is the bear market over?

Confidence has returned to crypto markets after Bitcoin saw a sudden rally to gain more than 23% this week to trade around $77,559 at the time of writing. The price briefly topped $79,000 on Friday.

Charting platform Barchart highlighted on Thursday that Bitcoin’s (BTC) price had crossed above its 200-day moving average for the first time since November 2025.

The 200-day moving average is widely used to gauge longer-term market trends, with moves above the indicator viewed as a sign of bullish momentum. Many now believe/hope the cycle has finally flipped positive.

Ethereum gained 31%, Solana gained 28% and XRP surged an astonishing 53%.

The Bitcoin and Ether ETFs took more than $2.61 billion in inflows between them last week, and Micheal Saylor’s Bitcoin investments via Strategy have crossed the breakeven point of $75,385 — officially returning him to the status of far-sighted Bitcoin visionary, rather than degenerate financial engineer. Polymarket odds of Bitcoin reaching $90,000 before 2027 hit 48%.

Bitcoin’s weekly price chart. Source: CoinMarketCap

The rally in crypto prices was also reflected in the share prices of publicly listed crypto related firms including Canaan, Metaplanet, Coinbase and Robinhood which all saw double digit gains.