TLDR
- Bitcoin recorded its largest weekly dollar gain ever, adding $14,264 to close at $77,387.
- BTC gained 22.7% in seven days, bringing the key $80,000 level into focus.
- U.S. spot Bitcoin ETFs attracted $1.92 billion in net inflows during the week ended Aug. 21.
- The Crypto Fear & Greed Index rose to 78, its highest level since December 2024.
- Bitcoin strengthened against both the U.S. dollar and gold, with the BTC-to-gold ratio reaching 16.73 ounces.
Bitcoin (BTC) recorded its largest weekly dollar gain on record, rising $14,264 to close at $77,387. The move marked a 22.7% increase in seven days and pushed the Bitcoin price closer to the $80,000 level watched by traders.
The rally followed the U.S. Treasury Department’s decision to expand its buyback program. Market sentiment improved quickly, while the Crypto Fear & Greed Index climbed to 78, its highest reading since December 2024.
Bitcoin Price Gains Support From ETF Inflows
Demand also strengthened across U.S. spot Bitcoin ETFs. Funds recorded $1.92 billion in net inflows during the trading week ended Aug. 21, according to SoSoValue data.
The inflow total was the strongest since October 2025. Analysts said sustained ETF demand could help confirm whether the rally has support from spot buyers rather than short-term leverage.
Strive Chairman and CEO Matt Cole said Bitcoin has strengthened against both the U.S. dollar and gold. The Bitcoin-to-gold ratio reached 16.73 ounces of gold per Bitcoin, its highest level since May.
Cole said demand for scarce assets could remain strong as investors seek limited-supply assets. He added that short-term pullbacks may occur, but buyers could return during price weakness.
Analysts Track Leverage and Macro Risks
Bitcoin was trading near $77,000 after moving above $70,500. Market observers now see $79,500 as the next resistance area before the psychological $80,000 mark.
Crypto trader That Martini Guy said the market structure remains bullish while Bitcoin holds above its former range. A break above $79,500 could open the way toward higher price levels.
BITCOIN IS HOLDING THE BREAKOUT
Bitcoin is sitting around $77K after breaking aggressively above the $70,500 pivot.
The move took BTC from the $63K range low to almost $80K in a matter of days.
Now we’re consolidating beneath $79,500 resistance.
This is exactly where I want… pic.twitter.com/ViJ3EbhsZ8
— That Martini Guy ₿ (@MartiniGuyYT) August 24, 2026
BTC Markets analyst Rachael Lucas said investors should monitor ETF flows, spot volume, funding rates, and open interest. These indicators can show whether the rally depends on real demand or excessive leverage.
Zeus Research analyst Dominick John said $80,000 remains the main near-term target. He said Bitcoin could move toward $85,000 to $90,000 if ETF inflows and market liquidity remain supportive, while higher leverage or stronger U.S. dollar demand could trigger a pullback during the next phase of Bitcoin trading this week.
