Bitcoin Soars Above $79,450 as Crypto Market Surges

The price of Bitcoin has surged more than 26% in the last week, reaching above $79,450 on Friday. This represents a significant gain from the previous week's price of around $62,950. In Indian currency, Bitcoin prices have soared by nearly Rs 15.9 lakh in just one week, from Rs 60.17 lakh to Rs 76.07 lakh.

According to market participants, the White House's crypto policy push has triggered massive short liquidations in crypto, resulting in a sharp upmove. Vikas Gupta, Country Manager - India at Bybit, stated that Bitcoin’s move reflects a renewed shift in market sentiment, with macroeconomic developments and growing policy optimism around crypto acting as key catalysts.

Gupta also noted that sustained institutional participation, regulatory clarity, macroeconomic liquidity, and continued adoption will be important factors in determining whether Bitcoin can build on these gains. Despite the massive rally, Bitcoin is still 37% down from its all-time high of close to $126,000, hit in late October 2025.