Bitcoin Nears $80K as Crypto Rally Stretches to a 3rd Straight Day

BTC is trading over $77k today, the OG coin’s third consecutive green day after a violent, catalyst-driven bounce from the mid-$60k range earlier this week. ETH has spiked alongside it toward $2,400, while Hyperliquid’s HYPE token also achieved a fresh all-time high above $77.

What’s the Scoop?

• The numbers: BTC is up roughly 23% on the week and briefly touched $79k this morning, while ETH has actually outpaced it, having notched a 28% 7D climb thanks to its own +20% surge on August 19th.
• The catalysts: The President’s Clarity Act push and crypto reserve comments at this week’s White House summit, alongside the Treasury’s new bond buybacks plans, strong ETF inflows, and a massive short squeeze, fueled the start of this latest crypto rally. Now, the question is whether this momentum can translate into a sustained bull market.
• Hyperliquid’s breakthrough: One of the biggest winners right now is HYPE, which just set a new ATH and is currently up 36% on the week, and unsurprisingly so since President Trump specifically cited Hyperliquid during his summit remarks and signaled that the CFTC is working to bring the exchange onshore in the U.S.