Bitcoin rose 23.5% last week, briefly exceeding $79,000 and reaching about $77,600, while reclaiming its 200-day moving average for the first time since November 2025. Ethereum gained 31.1% to $2,456 and XRP climbed 53.3% to $1.52, pushing total crypto market capitalization to $2.63 trillion. Spot Bitcoin and Ethereum ETFs attracted more than $2.61 billion in combined inflows. The U.S. national debt exceeded $40 trillion, while the Treasury at least doubled the planned buyback of some long-term debt to $4 billion, developments viewed as contributing to simultaneous gains in gold and crypto assets. Bridgewater founder Ray Dalio warned that the U.S. could face a debt crisis in roughly three years if it does not change its current debt trajectory and recommended allocating about 15% to gold and a small amount to Bitcoin. On regulation, U.S. President Trump again urged Congress to pass the CLARITY Act, while a procedural vote is planned for Sept. 15 and requires 60 votes. The SEC proposed rules that could let qualifying projects issue tokens within certain limits and establish a safe harbor, potentially creating a new financing channel for U.S. crypto projects. CFTC Chairman Michael Selig said the agency would pursue its own crypto rules if the bill fails in the Senate, including allowing registered and unregistered entities to offer leveraged or margin crypto trading and exploring protections for developers. Nansen and other firms attributed part of the latest Bitcoin advance to short covering, while Standard Chartered digital-asset research chief Geoff Kendrick said the $100,000 year-end target may be too low and that Bitcoin could retest its $126,000 record high before year-end if the recovery continues.