Cryptocurrency Market Sees Sharp Turnaround With Bitcoin Rising 25%

The cryptocurrency market experienced a significant turnaround in just one week, with Bitcoin rising by about a quarter and altcoins showing even sharper dynamics.

This rally was fueled by several key factors, including increased liquidity and debt market expectations, regulatory signals from the US government, short squeeze mechanics, and the return of institutional demand through spot BTC ETFs.

Bitcoin started the week in the $62,800, $64,300 zone but rose to $79,000, $79,447 by Friday, settling around $75,000, $77,000. The total weekly gain was about 25%, making it one of the strongest surges in recent months.

Altcoins outperformed Bitcoin in many cases, with XRP showing a maximum growth of 71% and Zcash growing by 83%. This is a typical risk-on rally picture, where increased risk appetite is most strongly reflected in more volatile assets.