Bitcoin Hits $78K as Saylor's Treasury Bet Returns to Profit
Bitcoin just logged its largest weekly gain in history by dollar value as top altcoins surged over 50%.
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Key takeaways
- Bitcoin reached $78,000, setting a historic record for its largest weekly candle by dollar value.
- Michael Saylor's treasury accumulation strategy returned to profitability.
- Ten leading altcoins posted gains exceeding 50% during the market rebound.
Bitcoin just closed its largest weekly candle in history by dollar value, pushing up to $78,000 and putting Michael Saylor’s corporate treasury bet back in the green.
This wasn't just a Bitcoin story, either. Ten top altcoins racked up gains over 50% as buyers stepped in. Capital moved fast.
Record Capital Flows
Look at pure dollar terms, and this price action beats every prior bull market run. The sheer size of the rally dragged MicroStrategy's heavily watched Bitcoin strategy back into profit territory after weeks under pressure.
Why it matters
Candles this large take real balance-sheet money. Pushing to $78,000 proves there's deep institutional liquidity sitting under this market. If you hold altcoins, that 50% jump across major tokens shows how quickly capital flows down the risk curve once Bitcoin breaks out. Momentum's back.
Source: Decrypt
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Daniel Okoro
Daniel tracks crypto regulation and policy across the US, EU and Asia, with a decade in financial journalism.
