Bitcoin Posts Biggest Weekly Gain Since March 2023: What’s Driving the Rally?

BitcoinWorld Bitcoin Posts Biggest Weekly Gain Since March 2023: What’s Driving the Rally? Bitcoin has recorded its most substantial weekly advance in nearly two years, climbing more than 23% over the past seven days.

This marks the largest weekly gain since March 2023, according to data compiled by Watcher.Guru. The surge has captured the attention of both retail and institutional investors, prompting renewed debate about the sustainability of the current market cycle.

Market Context and Key Drivers The recent price action comes after a period of relative consolidation, with Bitcoin trading in a narrow range for several weeks. Several factors appear to have converged to spark this rally.

Notably, increased inflows into spot Bitcoin exchange-traded funds (ETFs) have been observed, signaling renewed institutional interest.