Bitcoin has broken past the $77,000 threshold, securing its strongest single-week performance since 2023 with a 24 percent gain since Monday. The sharp upward movement ended a six-week period of range-bound price compression, triggering a market-wide rally across major altcoins and bringing corporate Bitcoin treasuries back into net profitability.
The surge was propelled by key macroeconomic and policy developments in the United States. A primary catalyst emerged when the U.S. Department of the Treasury announced plans to double its liquidity-support bond buyback operations. The liquidity intervention exerted downward pressure on Treasury yields, fostering a broad risk-on environment across global markets and driving capital into digital commodities.
Political momentum further strengthened trader confidence following a White House meeting where President Donald Trump hosted leaders from prominent digital asset companies. During the discussions, President Trump urged Congress to pass the CLARITY Act, an industry-backed legislative proposal aimed at establishing a comprehensive federal regulatory framework for cryptocurrency exchanges, custody, and digital asset issuance.
As Bitcoin’s price expanded through inverse head-and-shoulders technical breakout levels, derivative markets experienced severe liquidations. Over $1.25 billion in short positions were liquidated across major derivatives exchanges within a 24-hour period, accelerating upward price momentum as short sellers were forced to repurchase spot and futures contracts.
The rally has notably restored profitability to corporate treasury balances. Strategy, formerly known as MicroStrategy, saw its massive Bitcoin holdings return to net profit as the market price exceeded the company’s average cost basis of approximately $75,385 per coin.
Major altcoins also registered substantial gains alongside Bitcoin’s rise. Ethereum, Solana, and top digital tokens posted double-digit weekly percentage increases, expanding total cryptocurrency market capitalization as spot trading volumes surged across global digital asset exchanges.