Bitcoin Jumps 23% in a Week, Breaks Above 200-Day Moving Average for First Time in Nine Months

Forecast Trend Report by Period

Bitcoin has surged more than 23% over the past week, reclaiming the $77,000 range. Analysts say swelling US government debt and Treasury policy have helped push money into cryptocurrencies and precious metals.

Cointelegraph reported on Aug. 23 that Bitcoin briefly rose above $79,000 this week and was recently trading at about $77,559. Chart-analysis platform Barchart said Bitcoin had broken above its 200-day moving average for the first time since November 2025.

Altcoins also advanced. Ether gained 31%, Solana rose 28% and XRP jumped 53%. Spot Bitcoin and Ether exchange-traded funds took in a combined $2.61 billion over the past week.

The Kobeissi Letter said the rally reflected a mix of inflation, deficit spending and US Treasury policy. It added that the Treasury's decision to more than double a specific Treasury buyback program to $4 billion helped drive gains in cryptocurrencies and precious metals. US national debt surpassed $40 trillion this week.

Bridgewater Associates founder Ray Dalio said investors should allocate about 15% of their portfolios to gold and put some money into Bitcoin to prepare for the fallout from the US debt problem. On the current trajectory, a debt crisis could arrive in about three years, he said.