Bitcoin Surges to $77,500 Amid Sharp Weekly Rally

Bitcoin's price has surged to $77,552.01 over the past 24 hours, marking a modest 0.19% increase as the market reacts to one of its sharpest weekly moves in months.

The rally, which has added over +22% in seven days, has left traders debating whether the next leg is towards $89,000 or a sharp retrace back toward $65K.

According to Reuters, the surge is tied to Treasury support for long-duration bond buybacks and President Trump's push for the Clarity Act, which has clearly repriced risk appetite for digital assets.

The move has also led to the liquidation of over $2.7Bn in bearish bets across crypto markets, with over $1Bn in BTC shorts wiped out in roughly an hour as price punched through $69,500.