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Crypto Roars Back as Bitcoin Posts Its Second-Best Week Since Early 2021

Summary: Bitcoin spent six weeks stuck between $62,000 and $66,900, broke out on August 20, and reached $79,400 on Friday for its strongest week since March 2023. Ether ran harder, up 28 percent. The spark for the rally came from the Treasury Department, which on August 19 doubled the maximum size of its long-dated bond buyback operations from $2 billion to at least $4 billion, and the market read it as a signal about how Washington intends to h…

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What to remember: The Bitcoin gained 23.6 per cent over the week, its second best performance since February 2021. The Bitcoin grew by 31.3 per cent, down from $1,900 to more than $2,520. The Bitcoin ETFs collected $1.92 billion, a record since October 10. The Bitcoin grew by 23.6 per cent last week, its second best weekly performance since February 2021. The price rose from about $62,000 to a high of $79,500, before stabilizing nearly $77,000. …

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After the best week since 2023 (BTC up 22%, almost $80,000), the weekend brought a correction. But it's a reabsorption of leverage, not a collapse: 100 million positions were liquidated, 80% of which were bullish. Because separating noise from signal.

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danielmcglynn.com broke the news in United States on Sunday, August 23, 2026.
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