Bitcoin Surges 22.7% in Largest Weekly Gain Ever

Bitcoin recorded its largest weekly dollar-denominated gain in history, rising $14,264 to close at $77,387, a 22.7% move in seven days.

The rally was triggered by the U.S. Treasury Department's announcement of an expansion to its buyback program, flipping investor apathy into fear of missing out.

The Fear & Greed Index stands at 78, the highest reading since December 2024.

Strive CEO Matt Cole said bitcoin's performance against both the dollar and gold shows that the next cycle 'will be the strongest we have ever seen.'