Bitcoin’s rally continues, climbing 22% in a week to $77,300, fueled by altcoin surges like XRP and Zcash — though those are cooling. Behind the momentum: Treasury bond buybacks, White House crypto signals, Trump’s support for crypto legislation, and a Zcash ETF filing. A short squeeze also played a role. Now, all eyes turn to Jackson Hole, where Fed Chair Powell’s speech could decide if easy money conditions persist. The real test? Whether sustained demand from buyers — spot traders and ETFs alike — can keep prices rising beyond the hype.
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