ChainThink reports that, according to market data, Bitcoin rose 23.5% last week, briefly surpassing $79,000 and is currently trading at approximately $77,600, having reclaimed the 200-day moving average for the first time since November 2025.
Ethereum rose 31.1% to $2,456, XRP increased 53.3% to $1.52, and the total cryptocurrency market capitalization rose to $2.63 trillion.
Last week, spot ETFs for Bitcoin and Ethereum collectively attracted over $2.61 billion in inflows.
The U.S. national debt surpassed $4 trillion last week, and the Treasury doubled its repurchase volume of long-term debt to at least $4 billion, a move the market links to concurrent rises in gold and cryptocurrency assets.
Ray Dalio, founder of Bridgewater Associates, said that if the U.S. does not alter its debt trajectory, it could face a debt crisis in the next three years, and recommended allocating approximately 15% to gold and "a bit of bitcoin."
On the regulatory front, Trump has called on Congress to pass the CLARITY Act, with a procedural vote scheduled for September 15, requiring 60 votes in favor.
The SEC has proposed new crypto asset rules that would allow eligible projects to issue tokens up to a specified limit, along with a safe harbor mechanism.
CFTC Chair Michael Selig stated that if the bill fails to pass, the CFTC will move forward with its own rules, including permitting leveraged crypto trading and exploring developer protections. On the market side, Nansen believes the recent price rise has been partially driven by short covering.
Geoff Kendrick, Global Head of Research at Standard Chartered, said that Bitcoin’s year-end price target of $100,000 may be “too low,” and could challenge its all-time high of $126,000 by year-end if the market continues to recover.