Bitcoin Rallies Toward 20% Weekly Gain Amid Market Optimism
· Business · CNBC, MarketWatch
Bitcoin climbed above $75,000 on Friday, positioning the cryptocurrency for a 20% weekly gain. The rally was supported by a sharp decline in Treasury yields following a bond market intervention and improved investor sentiment regarding the proposed Clarity Act. Market data from CoinGlass indicates that the price surge triggered approximately $2.7 billion in liquidations of short positions. Despite this growth, Bitcoin remains below its 2026 high of $94,820 and its all-time peak of $126,198. Crypto-related stocks, including Coinbase and Circle, also recorded gains during the week.
Why it matters
The rally reflects shifting macro-economic conditions and policy expectations that are directly influencing the valuation of digital assets and related public equities.
Read the original report — CNBC
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