Bitcoin Surges 23% in Best Weekly Rally Since 2023 as US Debt Fears Grow

Bitcoin has staged a powerful rally, jumping more than 24% in a week to trade near $77,500, marking its strongest weekly gain since March 2023. The price briefly touched $79,000, and Bitcoin also climbed above its 200-day moving average for the first time since November 2025, a signal many traders see as a bullish turning point.

By Laurisa

Junior Author · August 24, 2026

2 min

Key takeaways

Bitcoin has staged a powerful rally, jumping more than 24% in a week to trade near $77,500, marking its strongest weekly gain since March 2023.

The price briefly touched $79,000, and Bitcoin also climbed above its 200-day moving average for the first time since November 2025, a signal many traders see as a bullish turning point.

$BTC with 200-day moving average Ethereum, Solana and XRP Join the Rally Ethereum rose 31%, Solana gained 28%, and XRP jumped an impressive 53%.

Ethereum, Solana and XRP Join the Rally

Ethereum rose 31%, Solana gained 28%, and XRP jumped an impressive 53%. Bitcoin and Ether ETFs pulled in over $2.6 billion in inflows during the week, adding further strength to the recovery.

US Debt Concerns Fuel Demand for Bitcoin and Gold

With US national debt topping $40 trillion, investors are increasingly turning to Bitcoin and precious metals as a hedge. Ray Dalio warned a debt crisis could hit within three years and suggested allocating a portion of portfolios to gold and Bitcoin to prepare for potential economic fallout.

How markets are positioning

Live market reaction

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Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.

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