๐จCrypto just had its strongest weekly gain in five years.**
In the last 7 days, the total crypto market grew by 22%. Thatโs about $474 billion added โ the biggest weekly jump since February 2021, even while the market was still in a longer downtrend.
Bitcoin rose from the low $60,000s toward $80,000. Spot Bitcoin ETFs saw almost $2 billion in new money coming in. Altcoins, especially XRP, also moved up strongly.
This big rally happened right after a $108 billion flash crash and lots of liquidations. Main reasons behind the move: changes in US Treasury policy, a weaker US dollar, short sellers covering positions, and big institutions buying.
A move this large during a longer bear market is rare and shows the market mood may be changing.
In simple terms: the size of this gain is worth watching. Prices can still swing a lot. Keep your position sizes small, manage risk carefully, and wait to see if this is the start of a real recovery or just a short bounce.
#cryoto #bitcoin #usd
In the last 7 days, the total crypto market grew by 22%. Thatโs about $474 billion added โ the biggest weekly jump since February 2021, even while the market was still in a longer downtrend.
Bitcoin rose from the low $60,000s toward $80,000. Spot Bitcoin ETFs saw almost $2 billion in new money coming in. Altcoins, especially XRP, also moved up strongly.
This big rally happened right after a $108 billion flash crash and lots of liquidations. Main reasons behind the move: changes in US Treasury policy, a weaker US dollar, short sellers covering positions, and big institutions buying.
A move this large during a longer bear market is rare and shows the market mood may be changing.
In simple terms: the size of this gain is worth watching. Prices can still swing a lot. Keep your position sizes small, manage risk carefully, and wait to see if this is the start of a real recovery or just a short bounce.
#cryoto #bitcoin #usd