Bitcoin Posts Record $14K Weekly Gain, Closes at $77,387

Bitcoin Market News

Bitcoin (BTC) gained $14,264 in the week ending Aug. 22, closing at $77,387 and marking a rise of 22.7% over seven days, its largest dollar-denominated weekly increase on record.

The move followed the US Treasury Department’s announcement the prior week of an expansion to its buyback program. Spot Bitcoin exchange-traded funds reported $1.92 billion in net inflows during the trading week ending Aug. 21 That figure was the largest weekly total since October 2025, the peak of the previous bull cycle

Strive CEO Points to Structural Demand for Scarce Assets

Matt Cole, Chairman and CEO of Strive, said BTC’s performance against both the US dollar and gold indicates the next Bitcoin cycle will be the strongest on record. Cole wrote that growing demand for scarcity in an AI-driven environment is creating a structural tailwind for assets with fixed or limited supply, directing capital toward gold, silver, and Bitcoin. The Bitcoin-to-gold ratio stood at 16.73 ounces of gold per BTC at the week’s close, its highest level since May, according to Longtermtrends data.

Cole said BTC breaking out against both the dollar and gold in the same week was notable. He said a short-term pullback is likely but that buyers would move in to absorb it.

Related Article: Bitcoin Breaks $75,500 as Analyst Warns Short Squeeze May Be Overblown

Analysts Watch Leverage and Macro Conditions Closely

Dominick John, analyst at Zeus Research, said the rally is likely to extend in the near term, supported by renewed ETF inflows and improving macro liquidity. He said potential progress on the CLARITY Act in September could add to institutional confidence, though he expects some consolidation before the next move higher. John put $80,000 as the immediate price target, with $85,000 to $90,000 as the next range and $100,000 as a possible level if ETF inflows and macro liquidity hold.

Rachael Lucas, <a href="https://xpertsstudio.com/the-cftcs-crypto-fallback-faces-a-credibility-test/” title=”The CFTC’s Crypto Fallback Faces a Credibility Test”>crypto analyst at BTC Markets, said a move of this size typically reflects a combination of short covering, spot demand, and derivatives positioning rather than a single catalyst. She said investors should track spot ETF flow data, funding rates, and open interest to gauge how much leverage has built up during the rally. Elevated funding rates and high open interest after a sharp rise are, in her view, early indicators of a potential leverage-driven reversal.

Lucas said profit-taking and volatility are a normal part of price discovery and do not signal a broader trend change on their own. She noted that a rally led by spot demand carries stronger structural support than one driven primarily by derivatives, and that a stronger US dollar or hawkish shift in rate expectations could limit further gains in the near term.

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Source: coinmarketcap.com