Bitcoin surges 23.47% for its best week since March 2023

Bitcoin rose 23.47% from Monday to Friday, climbing from roughly $62,800 to above $77,000 for its strongest week since March 2023 and its best performance in more than three years. The rally was fueled by two catalysts from Washington, putting the largest cryptocurrency at the center of a market in which other assets had led gains for much of 2026. Coinbase Global Inc. CEO Brian Armstrong said a year-long bear market in crypto spot trading may be nearing its end and expressed confidence that the CLARITY Act would receive more than 60 votes. Matthew Sigel, Head of Digital Asset Research at VanEck, maintained a $100,000 Bitcoin price target for 2027 and said $500,000 by 2029 was plausible if the cycle "plays out as usual." Dogecoin also rallied as speculative momentum grew, with President Donald Trump's renewed call for federal regulatory reform and support for the CLARITY Act cited as the main drivers. Arthur Hayes, Chief Investment Officer of Maelstorm, said Ethereum could reach $5,000 by the end of the year, citing market positioning and liquidity.

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