$BTC surged past $77,000 this week from roughly $64,000, spearheading a market rally that injected approximately $400 billion across digital assets. Major altcoins rallied sharply—with Ethereum gaining nearly 28% and XRP leaping over 40%—forcing billions of dollars in bearish short positions to unwind. The surge was catalyzed by the U.S. Treasury doubling its long-dated bond buybacks to bolster liquidity, alongside bullish sentiment ahead of a crucial September Senate vote on the CLARITY Act. Meanwhile, traditional market access expanded as Nasdaq unveiled plans to introduce nearly 23-hour overnight equity trading starting this December. #btc #investment #binance
$BTC is currently trading near $63,800, remaining bound in a sideways consolidation trend between $62,000 and $66,000. The short-term market sentiment is cautiously neutral as traders digest recent US inflation metrics and macroeconomic data. Immediate support holds near $63,000, whereas a sustained move above $64,500–$65,000 is necessary to trigger a bullish recovery. #BTC #binance #follower