QCP Capital: Bitcoin rose by over 20% last week, achieving the strongest single-week performance of 2024
2026-08-24 18:09:58
According to CoinMeta, QCP Capital indicates that Bitcoin rose by over 20% last week, reaching around $79,500 at one point, marking the strongest single-week performance since March 2024. After the U.S. Treasury Department announced an expansion of its long-term Treasury bond repurchase program, long-term yields fell and the dollar weakened, which drove an increase in BTC and gold prices. Last week, the total net inflow of U.S. spot BTC and ETH ETF amounted to approximately $2.6 billion, the highest since October 2025. This week, the market will focus on PCE, NVIDIA's financial report, as well as the first Jackson Hole keynote speech by Federal Reserve Chairman Warsh.
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Source:Internet
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