Bitcoin Holds Near $78,000 as Gold Rises and Altcoins Stabilize After Record Week

Bitcoin (BTC) remained near the $78,000 level on Monday, showing little movement after a dramatic 24% jump last week.

What drove the surge?

The price rally was triggered by a Treasury buyback announcement, which led to a short squeeze that forced the closure of over $3 billion in short positions.

Gold’s parallel rally

During the same period, gold prices also rose, adding a safe‑haven element to the broader market sentiment.

Altcoin activity

Altcoins entered a consolidation phase after posting their strongest weekly performance in three years, indicating a pause as traders assess the new market dynamics.