This week has been a rollercoaster ride for the cryptocurrency market. Bitcoin had its best week since 2023, surging by 23.47% from Monday to Friday. The world’s largest cryptocurrency climbed from roughly $62,800 to above $77,000, marking its strongest week in over three years.
Let’s dive into the top stories that shaped the crypto market this week.
Bitcoin’s Stellar Week
Bitcoin’s impressive rally was fueled by two catalysts from Washington. The cryptocurrency’s significant gain marks its best performance since March 2023. The world’s largest cryptocurrency has spent most of 2026 watching other assets rally, but this week it took center stage.
Coinbase CEO’s Bullish Prediction
Brian Armstrong, CEO of Coinbase Global Inc., believes that the year-long crypto spot trading bear market is nearing its end. Armstrong expressed optimism about the upcoming CLARITY Act vote, stating that he expects it to secure over 60 votes.
VanEck’s Bitcoin Price Target
Matthew Sigel, Head of Digital Asset Research at VanEck, reiterated his $100,000 Bitcoin price target for 2027. Sigel also suggested that a $500,000 price point by 2029 is plausible if the cycle “plays out as usual.”
Dogecoin’s Surge
Dogecoin experienced a surge as speculative momentum built across digital asset markets. The rally was primarily driven by President Donald Trump’s renewed call for federal regulatory reform and support for the CLARITY Act.
Ethereum’s Potential Rally
Arthur Hayes, Chief Investment Officer of Maelstorm, suggested that Ethereum could hit $5,000 by the end of the year. Hayes cited market positioning and liquidity as the primary reasons for his bullish outlook.
Disclaimer: This content was produced with the help of AI tools and was reviewed and published by Benzinga editors.
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