Bitcoin posts its biggest weekly gain in two years, driving a broad altcoin rally led by XRP, HYPE, ZEC, and LINK.
Macro & Markets ·
Bitcoin posted its biggest weekly gain in two years, sparking a broad rally across altcoins. HYPE climbed nearly 40%, while XRP, ZEC, and LINK each rose over 30% during the period. The momentum extended beyond these assets, with Bitcoin reaching $80K and Ethereum climbing to $2,390.
The rally followed an announcement regarding US Treasury liquidity support, which appeared to catalyze buying interest across the market. The scale of Bitcoin's two-year high in weekly gains suggests a significant shift in market sentiment, with the broader move pulling in assets typically more volatile than the largest cryptocurrencies by market capitalization.
What remains unclear is whether the rally momentum will sustain beyond the initial liquidity-driven surge or whether the gains reflect a longer-term repricing. The extent to which the Treasury announcement directly drove individual altcoin performance versus broader risk-on sentiment is also not detailed in available reporting.