Bitcoin has staged a powerful recovery this week, climbing above $77,000 as renewed investor optimism and several positive developments lift sentiment across the cryptocurrency market. The world’s largest cryptocurrency was trading at around $77,000 on Friday, up from approximately $62,800 at the start of the week , putting it on course for a weekly gain of about 23% . The sharp rebound has also boosted crypto-linked stocks, with Coinbase and Circle gaining more than 9%, while Strategy advanced around 7%. The rally accelerated after US Treasury yields fell sharply, easing pressure on risk-se

Bitcoin has staged a powerful recovery this week, climbing above $77,000 as renewed investor optimism and several positive developments lift sentiment across the cryptocurrency market. The world’s largest cryptocurrency was trading at around $77,000 on Friday, up from approximately $62,800 at the start of the week, putting it on course for a weekly gain of about 23%. The sharp rebound has also boosted crypto-linked stocks, with Coinbase and Circle gaining more than 9%, while Strategy advanced around 7%. The rally accelerated after US Treasury yields fell sharply, easing pressure on risk-sensitive assets such as cryptocurrencies. The move was later amplified by a major short squeeze, with roughly $2.7 billion in crypto short positions liquidated, according to CoinGlass. Investor sentiment received another boost from renewed efforts by the White House and cryptocurrency industry leaders to advance the Clarity Act, a proposed US law that is widely viewed as potentially important for establishing clearer rules around digital assets. However, the legislation still faces significant hurdles, and its chances of passing remain uncertain. Despite the strong recovery, Bitcoin remains below its 2026 high of $94,820, reached in January, and its previous all-time high of $126,198, recorded last year. Analysts continue to warn that the cryptocurrency remains highly volatile and could experience another significant correction before entering a sustained recovery. The latest rally has nevertheless marked a notable improvement in market sentiment, with some investors increasingly optimistic that Bitcoin could be emerging from its prolonged downturn. At the same time, analysts are urging caution, noting that Bitcoin remains highly sensitive to economic conditions, regulatory developments and speculative trading.

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