Bitcoin Surges 22% in One Week: Is New Bull Market Underway?

Bitcoin's price surge of nearly 22% in one week has sparked debate over whether this marks the beginning of a new bull market. The crypto rallied from around $62,700 to just shy of $80,000, with Ethereum rising by 30%. This move mirrors similar patterns seen in 2019 and 2023, where massive weekly reversals marked the end of bear markets.

The initial catalyst for this surge was a short squeeze triggered by expanded U.S. Treasury buybacks, which eased long-end yields and boosted risk appetite. Fresh capital followed, with U.S. spot Bitcoin ETFs recording $1.92B+ in net inflows, while on-chain data shows whales accumulated ~43,000 BTC over 60 days.

Policy catalysts also reinforced the move, with President Trump meeting crypto leaders and pushing for Senate passage of the CLARITY Act. The SEC proposed lighter registration rules, while the CFTC unveiled a plan to build crypto regulations administratively if legislation stalls.