#BitcoinStrongestWeekSinceMarch2023 the Post with hashtag #BitcoinStrongestWeekSinceMarch2023:
Bitcoin posted its strongest weekly performance since March 2023, surging about 23% from roughly $62,800 to above $77,000 and briefly approaching $79,500. The rally was fueled by a weaker dollar, expectations of improved liquidity following the U.S. Treasury’s expanded long-term bond buybacks, renewed optimism over crypto-friendly U.S. legislation and heavy short liquidations. Bitcoin remained near $77,000 over the weekend, marking a dramatic rebound from its recent lows.
Bitcoin posted its strongest weekly performance since March 2023, surging about 23% from roughly $62,800 to above $77,000 and briefly approaching $79,500. The rally was fueled by a weaker dollar, expectations of improved liquidity following the U.S. Treasury’s expanded long-term bond buybacks, renewed optimism over crypto-friendly U.S. legislation and heavy short liquidations. Bitcoin remained near $77,000 over the weekend, marking a dramatic rebound from its recent lows.