Bitcoin Posts Best Week Since 2023, Coinbase CEO Bullish

The cryptocurrency market saw sharp swings this week. Bitcoin was the top performer, rising 23.47% from Monday to Friday. The world's largest cryptocurrency climbed from around $62,800 to above $77,000, marking its strongest weekly gain in over three years.

Let's dive into the headlines that shaped the crypto market this week.

Bitcoin's Strong Performance

Bitcoin's rally was fueled by two major catalysts from Washington. The cryptocurrency's notable gains mark its best weekly performance since March 2023. After spending much of 2026 watching other assets rise, Bitcoin took center stage this week.

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Coinbase CEO's Optimistic Outlook

Coinbase Global Inc. CEO Brian Armstrong believes the year-long crypto spot market downturn is coming to an end. Armstrong expressed optimism about the upcoming CLARITY Act vote, saying he expects the bill to receive more than 60 votes in support.

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VanEck's Bitcoin Price Target

Matthew Sigel, head of digital assets research at VanEck, reaffirmed his price target of $100,000 for Bitcoin by 2027. Sigel added that if the cycle "develops as usual," a price point of $500,000 by 2029 would be reasonable.

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Dogecoin Surges

Dogecoin rallied as speculative momentum built in the digital asset market. The surge was driven by President Trump's renewed push for regulatory reform and his support for the CLARITY Act.

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Ethereum's Potential Rebound

Arthur Hayes, chief investment officer at Maelstorm, said Ethereum could reach $5,000 by the end of the year. Hayes attributed his bullish stance to market positioning and liquidity conditions.

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