#BitcoinRises23.6%Weekly Bitcoin Rises 23.6% Weekly in Powerful Rally
Bitcoin delivered a major weekly rally, gaining 23.6% in the week ending August 21, 2026, according to CoinDesk data cited by FXStreet. BTC climbed from around $62,000 to a high near $79,500, making it Bitcoin’s second-best weekly performance since February 2021.
The rally was supported by improving liquidity, renewed investor demand, a weaker U.S. dollar and strong interest in Bitcoin as a scarce asset. U.S. Treasury bond-buyback plans also helped push yields lower and boosted appetite for risk assets.
Bitcoin’s sharp advance also triggered substantial short liquidations, adding fuel to the upward move. The cryptocurrency subsequently remained near the $77,000–$79,000 area, keeping the market focused on whether BTC can break decisively above the important $80,000 resistance level.
The 23.6% weekly gain represents a significant improvement in market sentiment. If Bitcoin can maintain its recent gains and attract continued spot and institutional demand, the rally could provide a foundation for another attempt at higher levels. However, traders will remain alert to profit-taking and volatility after such a rapid advance.$NVDA.US $GOOGL.US
Bitcoin delivered a major weekly rally, gaining 23.6% in the week ending August 21, 2026, according to CoinDesk data cited by FXStreet. BTC climbed from around $62,000 to a high near $79,500, making it Bitcoin’s second-best weekly performance since February 2021.
The rally was supported by improving liquidity, renewed investor demand, a weaker U.S. dollar and strong interest in Bitcoin as a scarce asset. U.S. Treasury bond-buyback plans also helped push yields lower and boosted appetite for risk assets.
Bitcoin’s sharp advance also triggered substantial short liquidations, adding fuel to the upward move. The cryptocurrency subsequently remained near the $77,000–$79,000 area, keeping the market focused on whether BTC can break decisively above the important $80,000 resistance level.
The 23.6% weekly gain represents a significant improvement in market sentiment. If Bitcoin can maintain its recent gains and attract continued spot and institutional demand, the rally could provide a foundation for another attempt at higher levels. However, traders will remain alert to profit-taking and volatility after such a rapid advance.$NVDA.US $GOOGL.US