Crypto’s latest rally took BTC to nearly $80,000, with ETH surpassing it +28% on the week and HYPE reaching a new ATH.
BTC is trading over $77,000 todayOG coin’s third straight green day after a strong catalyst-driven rebound from the mid-$60,000 range earlier this week. ETH climbed to $2,400, while Hyperliquid’s HYPE token also hit a new all-time high above $77.
What’s the scoop?
- The numbers: BTC is up around 23% for the week and briefly touched $79,000 this morning, while ETH has actually surpassed it, having seen a 28% rise in 7D thanks to its own +20% surge on August 19.
- The catalysts: The President’s push on the Clarity Act and comments on crypto reserves at this week’s White House summit, along with new Treasury bond buyback plans, strong ETF inflows and a massive short squeeze, have fueled the start of this latest crypto rally. The question now is whether this dynamic can translate into a sustainable bull market.
- The breakthrough of hyperliquid: One of the biggest gainers right now is HYPE, which just set a new ATH and is currently up 36% for the week, unsurprisingly since President Trump specifically cited Hyperliquid during his summit speech and reported that the CFTC was working to bring the exchange to the United States.
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