Bitcoin advanced 7.8% to $78,405.5 on Friday, pushing its weekly gain to nearly 23% as the cryptocurrency market staged its most robust rebound in over three years. The digital asset briefly touched an intraday high of $79,306.4, extending gains from a prior trading range of $60,000 to $70,000 that had persisted for much of 2026. Ether followed with a weekly increase of nearly 23%, while XRP surged 40%, underscoring broad-based momentum across major tokens.
The market rebound coincided with a White House summit where President Donald Trump urged Congress to advance the Clarity Act, a proposed regulatory framework for the U.S. crypto industry. The legislation has faced delays due to disputes over stablecoin yield treatment and the classification of digital assets. Analysts cited the potential for clearer U.S. oversight as a key catalyst for renewed institutional and retail interest.
Macroeconomic factors also contributed to the rally. Long-dated U.S. Treasury bonds declined amid concerns over rising oil prices and elevated government debt issuance, much of it tied to AI infrastructure spending by major corporations. The sell-off in Treasuries pushed yields higher, reinforcing a broader "debasement trade" in which investors shifted capital from fiat currencies into alternative stores of value such as gold and cryptocurrencies. The U.S. dollar weakened, while gold prices climbed in tandem with Bitcoin.
Corporate crypto holders and exchange-linked stocks posted outsized gains. Coinbase Global surged 25.6% for the week, while Bullish and MARA, a mining firm, advanced 24.7% and 22.6%, respectively. Circle Internet, the issuer of the USDC stablecoin, rose 22.9%, reflecting optimism around institutional adoption. Japanese hotel operator Metaplanet, which holds over 40,000 bitcoins, also climbed more than 20% as corporate treasury strategies gained visibility.
U.S.-listed spot Bitcoin ETFs recorded inflows of about $1 billion for the week, according to industry data, marking the strongest weekly intake since January. The inflows followed a prior period of subdued activity, with Bitcoin’s market capitalization approaching $1.6 trillion—less than 5% of gold’s estimated value—according to market estimates.
Raphael Zagury, CEO of Twenty One Capital, attributed the rally to thin liquidity and pent-up demand. "Bitcoin does not reprice smoothly when supply is constrained," he said. "Relatively modest net demand can move the market significantly when willing sellers are scarce." Zagury also emphasized Bitcoin’s role as a monetary asset, suggesting its long-term potential remains tied to capturing a share of the global savings pool currently held in traditional assets.
