TLDR Tech / Crypto
Bitcoin records largest weekly dollar gain in history
Bitcoin gained $14,264 in a single week to close at $77,387 (up 22.7%), its largest-ever dollar gain, driven by the Treasury's buyback expansion. The Crypto Fear & Greed Index hit 78, its highest since December 2024, while spot bitcoin ETFs pulled in $1.92 billion in net inflows for the week ended Aug 21, the strongest since October 2025. Strive CEO Matt Cole called bitcoin's simultaneous breakout against both the dollar and gold (bitcoin-to-gold ratio now 16.73oz, highest since May) a sign of the strongest cycle yet, tied to a broader hunt for scarcity in an AI-driven world.
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