Bitcoin rose nearly 22% over the past week, trading near the $78,000 mark on Monday, as the US Treasury’s bond-buying plan boosted market sentiment. The cryptocurrency was last trading at $76,896.

37%, respectively. 3%) CoinSwitch Markets Desk said the key catalyst was the US Treasury’s plan to at least double purchases of long-term government bonds.

The move helped ease pressure in the bond market and weakened the dollar, reviving the “debasement trade”, where investors turn to scarce assets such as Bitcoin and gold as a hedge against currency weakness. The gains were further supported by short covering, improving liquidity expectations, regulatory optimism and strength across ETH, SOL and XRP, CoinSwitch Markets Desk said.

62 trillion, according to CoinMarketCap. The crypto Fear and Greed Index surged to 78, indicating “greed” among investors, CoinDCX Research said.

Avinash Shekhar, Co-Founder & CEO of Pi42, said institutional participation, ETF activity and expectations of greater regulatory clarity in the US continue to support the market. However, after the sharp rally, technical indicators across major assets are showing stretched conditions, which could lead to some consolidation before the next directional move.

Investors should remain disciplined rather than chase prices after a strong rally. Staggered entries, selective profit-booking and careful position sizing can help navigate periods of heightened volatility, Shekhar said.

11%. Nischal Shetty, Founder of WazirX, said crypto markets are entering a macro-sensitive phase, with central-bank communication and long-term bond yields likely to determine the near-term direction.

Based on current prices and nearby psychological levels, immediate support lies around 76,000-76,500. The overall price action signals a cautious market, with investors limiting risk exposure and maintaining a more defensive stance, Shetty added..

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Investors should avoid chasing the surge. Staggered entries and disciplined position sizing remain preferable, with 75,500-76,000 the immediate zone to watch for signs that Bitcoin can sustain its new range.