Business

Bitcoin surges 23% in 1 week to trade nearly $78K as liquidity hopes, ETF inflows boost crypto markets

The Economic Times · 22 August 2026 at 1:52 pm

Bitcoin surged nearly 23% in a week to around $78,000, while Ethereum and major altcoins also rallied.

Strong crypto ETF inflows, softer US dollar expectations, Treasury buybacks and reduced Fed tightening hopes boosted sentiment.

Analysts flagged improving institutional participation, though profit-taking and long-term holder selling remain key risks.

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Bitcoin surges 23% in 1 week to trade nearly $78K as liquidity hopes, ETF inflows boost crypto markets

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