Bitcoin
Bitcoin Rebounds Past $80,000 as Altcoins Post Double-Digit Weekly Gains
Regulatory developments and short liquidations fueled a crypto market recovery that lifted Bitcoin and sparked sharp rallies across major altcoins.
Bitcoin reclaimed the $80,000 threshold on Friday, advancing more than 5% after dropping to $75,000 earlier in the week following central bank rate hikes and legislative delays surrounding the Clarity Act in the US Senate. The rebound gained momentum after the SEC introduced a five-year conditional exemption for certain tokenized stocks on public blockchains and the CFTC submitted draft crypto asset rules to the White House.
The upward move triggered widespread short liquidations, with 111,660 traders liquidated for a total of $547.80 million over 24 hours, including $431 million in short positions. Spot Bitcoin exchange-traded funds recorded net inflows of $159.5 million on Thursday, while the Crypto Fear and Greed Index climbed from 56 to 71.
Several major non-meme altcoins posted sharp weekly advances alongside the market rebound. NEAR Protocol gained 55.24% over seven days to reach $3.56, driven by a Hyperliquid integration for confidential perpetual trading and surpassing $70 million in confidential total value locked. Over the same period, Arbitrum rose 54.13% to $0.2129, Pieverse gained 48.58% to $1.75, Ethena advanced 45.42% to $0.2036, and Uniswap climbed 40.86% to $9.00.
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