Bitcoin Rebounds 23% on US Debt Concerns and Regulatory Hopes

Bitcoin has staged a sharp rebound, rising more than 23% this week to trade around $77,559 as of the time of writing. This move has reignited debate over whether the broader bear market is finally losing steam, particularly after technical indicators suggested a longer-term trend shift.

The charting platform Barchart noted that Bitcoin crossed above its 200-day moving average for the first time since November 2025, a level often watched by market participants as a signal that momentum is improving. If sustained, this breakout could influence positioning across the market, as many traders treat the 200-day line as a proxy for the prevailing trend.

The rally is not limited to Bitcoin alone. Ethereum is up about 31%, Solana about 28%, and XRP approximately 53% over the same period. This suggests broad risk-on behavior rather than a single-asset bounce, indicating demand is showing up across liquidity pockets, not just in one segment of the market.