Crypto’s recent rally took BTC to nearly $80k, ETH surpassed it by +28% during the week, and HYPE reached a new ATH.
BTC is being traded More than $77,000 todayIt is the third consecutive green day for the OG coin after a violent catalyst-driven bounce from the mid-$60,000 range earlier this week. ETH rose alongside it to $2,400, while Hyperliquid’s HYPE token also made a new all-time high above $77.
What is the scoop?
- Numbers: Bitcoin is up almost 23% over the week and briefly touched $79k this morning, while ETH has already surpassed it, having gained 28% over the week thanks to its +20% surge on August 19.
- Triggers: The President’s Clarity Act and cryptocurrency reserve comments at the White House summit this week, along with the Treasury Department’s new bond buyback plans, strong ETF inflows, and a massive short squeeze, fueled the beginning of this latest crypto rally. The question now is whether this momentum can translate into a sustainable bull market.
- Excess liquid penetration: One of the biggest winners right now is HYPE, which just generated a new ATH and is currently up 36% on the week, not surprising since President Trump specifically cited Hyperliquid during his remarks at the summit and noted that the CFTC is working on bringing the exchange to the US.
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