Bitcoin recorded its largest dollar-denominated weekly gain in history, rising $14,264 to close the week ended Aug. 23 at $77,387—a 22.7% move in seven days.
Bitcoin Posts Largest Weekly Dollar Gain as Strive CEO Sees 'Strongest' Cycle
Bitcoin recorded its largest dollar-denominated weekly gain in history, rising $14,264 to close the week ended Aug. 23 at $77,387—a 22.7% move in seven days.
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Aug 24, 2026 at 6:10 AM UTC · 1 dk okuma
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bitcoin
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BTC+1.56%$77,260
Last Updated
5 dakika önce
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The rally was triggered by the U.S. Treasury Department’s announcement of an expansion to its buyback program, flipping investor apathy into fear of missing out.
The Fear & Greed Index stands at 78, the highest reading since December 2024.
Strive CEO calls it the strongest cycle ever
Spot bitcoin ETFs reported $1.92 billion in net inflows during the trading week ended Aug. 21, the largest weekly total since October 2025.
Strive CEO Matt Cole said bitcoin’s performance against both the dollar and gold shows that the next cycle “will be the strongest we have ever seen.”
Cole wrote:
“The growing hunt for scarcity in an AI-driven world of abundance both point toward a powerful structural tailwind for scarce assets.”
BTC vs gold
The bitcoin-to-gold ratio hit 16.73 ounces per bitcoin, its highest level since May.
Cole elaborated on the breakout:
Bitcoin moved from $65,336.6 to $77,260 over the last 30-day period, a gain of 18.2 percent.
Source: Kraken · NewsLayer Markets · Updated birkaç saniye önce
“What makes this week particularly interesting is that bitcoin has now broken out against both the dollar and gold. When bitcoin is the fastest horse, it will attract a disproportionate share of that capital.”
Market Context
Bitcoin
BTC
$77,260
+1.56% (24H)
Market Cap
$1.55T
24H Volume
$26.9B
24H High
$78,035
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