The crypto market snapped back sharply last week after nearly a year of muted trading, with Bitcoin climbing from around $62,800 at the start of the week to an intraday high of $79,500 on Aug. 21. The move marked a weekly gain of more than 26% at its peak and the biggest weekly advance since March 2023. In the source article by Joe Zhou for Foresight News, the rally is framed around three recurring patterns: crypto’s short-term turns are increasingly tied to U.S. policy shifts, spot ETFs have become a leading market signal, and Bitcoin breakouts tend to spill over into Ether, altcoins, and meme tokens in sequence. The article links the latest move to two main catalysts. One was U.S. Treasury Secretary Bessent’s Aug. 19 decision to raise the buyback size for 10- to 30-year Treasuries from $2 billion to at least $4 billion, which the market interpreted as supportive for liquidity expectations. The other was Donald Trump’s public push for the CLARITY Act after meeting crypto executives from Coinbase, Kraken, and Ripple at the White House. The piece also notes that the SEC proposed new rules for public crypto token sales on Aug. 18. On flows, U.S. spot Bitcoin and Ether ETFs recorded a combined $2.6 billion in net inflows for the week through Aug. 21. Among rebound leaders, the article highlights Ether, ENA, PUMP, STX, TRUMP, ZEC, BOME, and the BNB Chain meme token Niu Lai.

Crypto prices snapped back sharply last week, with Bitcoin climbing from around $62,800 at the start of the week to an intraday high of $79,500 on Aug. 21, marking its biggest weekly gain since March 2023. The original article argues that the move was shaped less by crypto-native leverage cycles and more by U.S. macro and regulatory signals. It points to two main catalysts: Treasury Secretary Bessent’s Aug. 19 decision to raise the buyback size for 10- to 30-year Treasuries from $2 billion to at least $4 billion, and Donald Trump’s push for the CLARITY Act after meeting executives from Coinbase, Kraken and Ripple at the White House. The report also highlights the role of spot ETFs. For the week ended Aug. 21, U.S. spot Bitcoin and Ether ETFs posted a combined $2.6 billion in net inflows, the strongest weekly total since October 2025. Bitcoin ETFs brought in about $1.9 billion, while Ether ETFs added $697.2 million. Against that backdrop, capital rotated from BTC into higher-beta assets. Ether rose 29.8% for the week, while ENA, PUMP, STX, TRUMP and ZEC led gains among top-50 altcoins by market value. The piece frames the rally as a familiar sequence: Bitcoin breaks out first, blue chips follow, and altcoins plus meme tokens deliver the biggest percentage moves.

Gate’s latest data showed gold rising to $4,621.62 an ounce, up 0.29% on the day, while silver climbed to $69.309 an ounce and fell 0.85% intraday. In FX, USD/CNH edged up 0.01% to 6.71823 and USD/JPY slipped 0.16% to 158.727. European stock indices were mixed, with EUSTX50 and UK100 higher and GER40 lower. WTI and Brent both declined. Gate said users can trade traditional financial market products directly on its platform, including precious metals, FX, stock CFDs, major indices and commodities, through Gate App and web.

Bitcoin posted a 23.5% weekly gain as US debt concerns, fresh ETF inflows and a new wave of regulatory developments reshaped sentiment across crypto markets. Cointelegraph’s latest Hodler’s Digest says BTC traded around $77,559 at the time of writing after briefly topping $79,000 on Friday, while Ethereum rose 31.1%, Solana 28% and XRP 53.3%. Barchart noted that Bitcoin moved back above its 200-day moving average for the first time since November 2025, a level many traders watch for longer-term trend shifts. The report ties part of the rally to US debt policy after the federal debt crossed $40 trillion. The Kobeissi Letter pointed to inflation, deficit spending and Treasury buyback plans, while Bridgewater founder Ray Dalio said investors should hold around 15% in gold and a bit of Bitcoin, warning that a US debt crisis could arrive in about three years, give or take two, if the current path does not change. On the policy front, Donald Trump renewed his call for the CLARITY Act after meeting crypto executives including Coinbase CEO Brian Armstrong and Gemini co-founders Cameron and Tyler Winklevoss. At the same time, the SEC proposed new crypto exemptions and safe harbor language, and CFTC chair Michael Selig said the agency would move with its own rules if the Senate does not pass CLARITY.

Altcoins held onto their upward momentum over the weekend, according to market data cited by BlockBeats from HTX on Aug. 23. ZRO posted the biggest 24-hour gain among the tokens listed, rising 20.40% to $1.198. DGB followed with an 18.47% increase to $0.00494, while STX climbed 16.24% to $0.2341 and PUMP added 15.67% to reach $0.005314. FF rose 14.18% to $0.08578. Several other tokens also posted solid gains. ENA was up 11.68% at $0.1760, ETHFI rose 9.27% to $0.6374, and MORPHO gained 8.47% to trade at $2.433. PENDLE increased 7.25% to $1.775, YB advanced 7.09% to $0.0967, SAGA climbed 6.71% to $0.01527, XPL rose 6.65% to $0.10437, and BOME added 6.33% to $0.0012187. AAVE also remained in positive territory, up 5.53% over the past 24 hours at $132.6, putting it above the $130 mark.

On Aug. 22, HYPE broke above 77 USDT and set another record, while HOOD climbed 11.69% to $106.22. BTC, ETH and SOL all rose in the CEX top-volume list, and coins such as GALA, STX, ENS and BCH posted strong 24-hour gains on OKX. GMGN’s top meme list was led by UP, WWW and Hachi. The update also noted $3 billion in stablecoins minted by Circle and Tether over the past two days, a record $2.739 billion in short liquidations on Aug. 19, and fresh comments from Vitalik Buterin, Brian Armstrong, Tom Lee and CryptoQuant founder Ki Young Ju.

Altcoins moved higher across the board on OKX data, with TRB up more than 45% on the day to $21.6 and ZEC up more than 42% to $815 after hitting a new all-time high. GALA rose more than 34% to $0.002, STX gained more than 34% to $0.2, and PEPE climbed more than 32%.

Crypto markets and adjacent tech news were both active on Aug. 21. Among the most-traded tokens on centralized exchanges, BTC, ETH, SOL and BNB all posted gains over the past 24 hours, while HYPE briefly rose above $73.4, according to OKX data, with a 24-hour increase of 26%. Separate ranking data from OKX and msx.com showed strong moves in spot tokens and crypto-linked equities, including a 60.15% jump in BTCT.M. On the corporate side, Bloomberg reported that Anthropic is preparing for an initial public offering that could match or exceed the record level set by SpaceX, with a public filing possible as soon as the end of August. The report said Anthropic raised capital in May at a $96.5 billion valuation, brought in $6.5 billion in financing, and had reached a $6.5 billion revenue run rate by the end of July. Bloomberg also said the company is working with Morgan Stanley, Goldman Sachs and JPMorgan and is weighing a super-voting share structure for CEO Dario Amodei. Other developments included ICE signaling openness to joining a new Polymarket funding round, the U.S. SEC proposing two fundraising exemption tracks for crypto projects, Riot Platforms signing AI data center leasing agreements worth about $9.8 billion in long-term revenue, and CZ saying a compliant U.S. entry by Hyperliquid would be positive for the broader industry.