Bitcoin's Price Surge Hits $78,766.61 Amid Institutional Flow Reversal

Bitcoin's price surge has seen it trade at $78,766.61, up 1.66% on the session, with a market capitalization near $1.33 trillion.

The coin opened Monday at $77,727.62, 0.8% above Sunday's open, and pushed to $79,106.77 by 8:50 a.m. ET before settling into the high $78,000s.

This move has been vertical, with Bitcoin up roughly 22% over seven days, having climbed from $62,965.56 a week ago.

The Treasury's announcement of increased liquidity buyback operations on August 19 triggered the first leg of this surge, followed by confirmation of US spot Bitcoin ETF inflows totaling $1.67 billion in five sessions.