Bitcoin surged more than 23 percent over the past week to around $77,000, briefly topping $79,000 and breaking above its 200-day moving average for the first time since November 2025. Ether, XRP and Solana also rose, lifting total crypto market value to $2.63 trillion. Analysts cited U.S. debt concerns, spot ETF inflows and shifting regulatory debates. Price outlooks diverged, while Mantra’s token slid to a record low amid a network incident.

Galaxy Digital CEO Mike Novogratz said bitcoin would need passage of a U.S. cryptocurrency bill, Federal Reserve rate cuts and a recovery in investor demand to rise to $100,000. He said bitcoin may trade in a narrow range for now unless the macro backdrop improves, with a lower bound of $60,000 and an upper bound of $80,000. He reiterated a long-term investment case for bitcoin amid rising U.S. national debt.