Bitcoin just printed its biggest weekly dollar gain everBitcoin gained $14,264 in one week from Aug. 17 to Aug. 23 — the largest weekly dollar increase in its history. BTC closed the week at $77,387, up 22.4%, and briefly climbed above $79K.
On Binance, price reached $79,500, the highest level since mid-May.
What it means:— BTC is no longer just bouncing, it is breaking structure.
— Strive CEO Matt Cole says Bitcoin’s move against gold may be signaling the end of the bear market.
— BTC/GOLD already gave early signals before: it peaked before BTC/USD in the last bull phase and bottomed before BTC/USD this year.
— Now Bitcoin has broken higher against both the dollar and gold.
Context:— Cole says the outlook for the next 12–18 months has improved sharply.
— He still allows a strong correction, but expects buyers to step in if BTC drops.
— His long-term thesis is simple: a weaker dollar and AI-driven productivity could increase the premium on scarce assets.
— CryptoQuant also linked the rally to a short squeeze on Binance futures.
Bottom line: this is not just another green week. Bitcoin is starting to look like it has entered a new phase. If demand stays strong on pullbacks, the bear-market story may finally be losing control.
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