Startups & VC

From US$60,000 to the edge of US$80,000 in 1 week: Decoding the strongest Bitcoin rally since 2023

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Bitcoin's price surged by nearly 24% over a week to reach US$78,809.22, driven by institutional demand and macroeconomic shifts such as the U.S. Treasury’s bond buyback program, which injects liquidity into the market. This rally signals a structural change rather than a speculative bubble, with institutional investors treating Bitcoin as a premier store of value amid concerns over monetary debasement and inflation.

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