Bitcoin posts largest weekly dollar gain on record, rising $14,775 last week

BitcoinWorld Bitcoin posts largest weekly dollar gain on record, rising $14,775 last week Bitcoin recorded its largest weekly gain in U.S. dollar terms last week, climbing $14,775, or 23.5%, from $62,818 to $77,593 between Aug. 17 and Aug.

23, according to data from Galaxy Research. While the percentage increase ranked 41st all-time, the dollar move was unprecedented in the cryptocurrency’s history. Market Context and Contributing Factors The rally coincided with several macroeconomic and policy developments.

Galaxy Research pointed to the U.S. Treasury’s expanded buybacks of long-term bonds, which injected liquidity into financial markets, and President Donald Trump’s public support for the CLARITY Act, a legislative proposal aimed at providing regulatory clarity for digital assets.

These factors combined to boost investor sentiment and drive capital into risk assets like Bitcoin. The move underscores Bitcoin’s sensitivity to liquidity conditions and regulatory signals.