Bitcoin rises $14,264 in one week, marking the largest weekly dollar gain in history.

KuCoinFlash

Release Time: 2026/08/28 11:52:57

BTC

$77,249.300.08%

Summary

Bitcoin news: Bitcoin rose $14,264 in one week, marking the largest weekly dollar gain in its history. Galaxy Research noted that the 50-week moving average is around $82,470, a potential indicator of the next market bottom. In 11 of the 13 bear markets since 2011, the cycle low was confirmed when the weekly closing price exceeded this level. Retail demand for BlackRock’s iShares Bitcoin Trust ETF reached a two-year high as Bitcoin briefly hit $81,257. Strive CEO Matt Cole said the next Bitcoin cycle will be the strongest in history.

Odaily Planet Daily reports that Bitcoin rose $14,264 in a single week, marking the largest weekly dollar gain since the asset began trading.

Galaxy Research states that Bitcoin’s 50-week moving average is currently near $82,470 and may serve as a confirmation signal for the next cycle bottom. The firm’s data shows that of the 13 bear markets completed since 2011, 11 confirmed their cycle bottoms when the weekly close rose above this moving average; only during the 2021–2022 double-top cycle did it fail to hold twice.

Galaxy Digital Research Head Alex Thorn noted that retail buying interest in BlackRock’s iShares Bitcoin Trust spot Bitcoin ETF reached its highest level in two years, as Bitcoin briefly touched $81,257. Matt Cole, Chairman and CEO of Strive, stated that the next Bitcoin cycle will be the strongest ever. (News Bitcoin)

Source:Show original

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.