The regulatory machinery advanced on multiple fronts over the week. Trump pressed Congress on the CL
The regulatory machinery advanced on multiple fronts over the week. Trump pressed Congress on the CLARITY Act and touted a CFTC effort to onshore Hyperliquid, while the SEC's proposed Reg Crypto and Selig's three-part roadmap sketched out concrete token-issuance and market-structure paths. Against that backdrop, Bitcoin surged as high as $79,400 — its strongest week since March 2023 — catalyzed by a Treasury buyback announcement, as Visa, Swift, and major banks quietly wired stablecoins and tokenized deposits into mainstream settlement. #BitcoinStrongestWeekSinceMarch2023 $BTC $BNB
The global market faces four major risk events next week that could determine whether Bitcoin's best week since March 2023 extends into a sustained recovery or consolidates before the next leg: new US-Iran sanctions that Treasury Secretary Bessent says will be announced Monday, Fed Chair Warsh's first appearance at the Jackson Hole Economic Symposium on August 28, the release of July core PCE inflation data, and Nvidia's earnings report. Gold broke through $4,600 this week — its third consecutive weekly gain — reaching a high of approximately $4,632 on Friday, with analysts targeting $4,680-$4,700 if the $4,600 level holds. The same sovereign risk and dollar weakness dynamic that drove gold to $4,600 drove Bitcoin's 24% weekly advance — and next week's four catalysts will either validate or challenge both moves simultaneously.