Bitcoin and cryptocurrency-related stocks continued their rally at the start of the week after the leading digital asset broke out of its recent trading range, as concerns about inflation and the widening fiscal deficit grew.
Bitcoin rose more than 1% on Monday, reaching just under $80,000—the highest level seen since May. Ether climbed 2% to around $2,470, near its highest point since January.
Crypto-focused treasury stocks mirrored the gains of the blue-chip cryptocurrencies. Strive rose 8%, while Strategy added 2%. ETH-related treasury names Bitmine and Sharplink climbed 5% and 4% respectively.
Market participants are questioning whether this rally signals a turning point for Bitcoin, which has been mired in a prolonged slump since October, just ahead of the traditionally bullish season for the coin.
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BTC in 2026
BTIG analyst Jonathan Krinsky noted on Monday that Bitcoin exhibited a similar pattern in January 2023, surging roughly 20% over three days before pulling back to its 200‑day moving average, where it found support.
The rally followed a macro‑driven shift last week that triggered a massive short squeeze in Bitcoin, delivering more than a 20% gain in three days—the biggest three‑day increase since 2023. After the Treasury announced it would double its purchases of longer‑dated Treasury bonds, yields briefly fell, boosting demand for risk assets such as Bitcoin and scarce commodities like gold.
Institutional demand resurfaced, with spot Bitcoin ETFs recording $1.92 billion in inflows last week—their largest weekly inflow since October, when Bitcoin hit its cycle peak. Over $4 billion of bearish crypto positions were liquidated as prices rose.
Ray Dalio, founder of Bridgewater Associates, warned that major economies could face a debt crisis in the coming years and urged investors to hold a modest amount of Bitcoin, reinforcing the recent upward momentum.