Bitcoin gained 23.47% from Monday to Friday, rising from roughly $62,800, or approximately $62,679 on Aug. 17, to a high of $79,473 before pulling back to $75,568 as short-term holders moved about 53,000 BTC near the $80,000 psychological barrier. The advance was Bitcoin’s strongest week since March 2023 and lifted it more than 20% during the mid-August 2026 rebound. Support came from spot buying, approximately $1.92 billion in U.S. spot Bitcoin ETF inflows across five sessions, more than $4 billion in short liquidations according to CoinGlass, higher volumes, weaker long-term Treasury yields, a sharply weaker U.S. dollar and Washington’s crypto-policy activity. President Donald Trump urged Congress to pass the crypto-friendly CLARITY Act, while Coinbase CEO Brian Armstrong said a year-long crypto spot-trading bear market may be nearing its end and expected the bill to receive more than 60 votes. Trader Killa said Bitcoin’s bottom had formed after it reclaimed the short-term-holder cost basis near $67,400, but identified $80,000-$83,000 as the next hurdle before a possible move toward $90,000. VanEck’s Matthew Sigel maintained a $100,000 Bitcoin target for 2027 and said $500,000 by 2029 was plausible if the cycle plays out as usual; those projections remain forward-looking. Dogecoin also rallied, while Maelstrom Chief Investment Officer Arthur Hayes said Ethereum could reach $5,000 by year-end based on market positioning and liquidity.