Bitcoin Surges Toward $80,000, Posts Biggest Weekly Rally In Three Years

Bitcoin surged toward the $80,000 mark on Saturday, on track for its strongest weekly gain in more than three years. The cryptocurrency jumped as much as 4.8 per cent over 24 hours and was trading around $78,588.

Bitcoin gained 0.6 per cent in the past hour and 24.5 per cent across the past week, marking a strong weekly rally. This weekly advance was not experienced by the cryptocurrency since March 2023. Bitcoin last traded near $80,000 in May 2026.

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.

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 was also taken as a positive indication about the administration’s favourable stance to crypto.

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. The recent surge has wiped out over $4 billion in short bets.

The crypto market has been gaining momentum, with Bitcoin ETFs experiencing significant inflows. However, analysts noted that Bitcoin ETFs also saw $390 million weekly outflows as investor sentiment turned cautious.

The meeting between US President Donald Trump and crypto executives, as well as the US-Iran peace deal, has boosted risk appetite and driven the price of Bitcoin higher. As the crypto market continues to gain momentum, investors are closely watching the price of Bitcoin and other cryptocurrencies.

The recent surge in Bitcoin's price has significant implications for the crypto market and investors. As the market continues to evolve, it is likely that we will see further fluctuations in the price of Bitcoin and other cryptocurrencies.

In conclusion, the recent surge in Bitcoin's price is a significant development in the crypto market. With the price nearing $80,000, investors are closely watching the market to see what happens next. The strong weekly rally and increased investor sentiment are positive indicators for the crypto market, but it remains to be seen how the market will perform in the coming weeks and months.

The surge in Bitcoin's price has also had an impact on other markets, including the gold market. As investors continue to watch the crypto market, it is likely that we will see further developments in the coming weeks and months.

Overall, the recent surge in Bitcoin's price is a significant development in the crypto market. With the price nearing $80,000, investors are closely watching the market to see what happens next. The strong weekly rally and increased investor sentiment are positive indicators for the crypto market, but it remains to be seen how the market will perform in the coming weeks and months.

The crypto market is constantly evolving, and it is likely that we will see further fluctuations in the price of Bitcoin and other cryptocurrencies. As investors continue to watch the market, it is likely that we will see further developments in the coming weeks and months.

In the end, the recent surge in Bitcoin's price is a significant development in the crypto market. With the price nearing $80,000, investors are closely watching the market to see what happens next. The strong weekly rally and increased investor sentiment are positive indicators for the crypto market, but it remains to be seen how the market will perform in the coming weeks and months.

What it means for investors is that the crypto market is gaining momentum, and Bitcoin's price is nearing $80,000. This is a significant development, and investors are closely watching the market to see what happens next. The strong weekly rally and increased investor sentiment are positive indicators for the crypto market, but it remains to be seen how the market will perform in the coming weeks and months.