Bitcoin has recorded its strongest surge in three years, rising more than 23% in a single week to break through the psychological level near $77,500. The market has regained optimism after a difficult first half of 2026, notably marked by a 20.5% plunge in June. August’s month-to-date return stands at 22.7%, an exceptional figure compared to the historical average of 0.82% for this month. Inflows into spot Bitcoin ETFs reached $1.91 billion during the week of August 17 to 21, with a daily peak of $606.29 million. Technical analysts view this rally as signaling the end of the bear market phase, with the next target at $82,000, though significant sell orders remain near the $80,000 level.
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