Bitcoin Soars 23% Amid US Debt Policy Uncertainty
Bitcoin surged over 23% this week to reach around $77,559 after briefly trading above $79,000 on Friday. The move has reignited debate about whether the broader bear market is finally losing steam.
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.
The strength across major cryptocurrencies suggests broad risk-on behavior rather than a single-asset bounce. Ethereum rose about 31%, Solana increased by around 28%, and XRP climbed approximately 53% this week.
The reclaim of the 200-day line drives renewed bullish debate, but market history tends to reward traders who treat such long-term indicators as confirmation of trend changes.