Bitcoin (BTC) has surged to a 2026 rally high, briefly reclaiming $79,000 before settling at $77,900. According to CoinGecko data, BTC has risen 8.8% in the last 24 hours and nearly 24% in the last week, outperforming the US stock market by a wide margin. The rally was triggered by President Donald Trump’s White House cryptocurrency event, where he stated the US is considering purchasing a large amount of Bitcoin and other cryptocurrencies. Risks remain: if the plan does not materialize, investor sentiment could dip, and persistent inflation above the Federal Reserve’s 2% target may lead to interest rate hikes, potentially pulling funds from high-risk assets like BTC.
Bitcoin (BTC) is experiencing one of its most significant rallies of 2026. The asset briefly reclaimed the $79,000 price level but has since dipped to the $77,900 mark. CoinGecko data shows that BTC has rallied 8.8% in the last 24 hours and nearly 24% in the last week.
The latest price rally comes on the heels of President Donald Trump hosting a crypto event in the White House. The event saw attendance of CEOs and founders of several cryptocurrency platforms and companies. At the event, President Trump stated that the US is considering the purchase of a large amount of Bitcoin (BTC) and other cryptocurrencies.
The statement has likely led to a massive surge in investor sentiment. Bitcoin’s price skyrocketed after the White House event, rising more than 20% in the last week. The S&P 500, in contrast, has historically risen by about 10% every year. The original cryptocurrency has erased three months of losses in just five days.
Coin Bureau stated: “Absolutely HISTORIC. Bitcoin is moving 140 times FASTER than the stock market! $BTC has surged over 20% in less than five days, rising from roughly $63K to above $77K. By comparison, the S&P 500 has historically returned around 10% per year.”
There are risks to note before buying. If Trump’s plan for the US buying a large number of Bitcoin and other cryptocurrencies does not follow through, investor sentiment may dip. Moreover, inflation in the US is still well over the Federal Reserve’s 2% target. If inflation does not cool, we may see a hike in interest rates. Higher rates may lead to investors pulling their funds from high-risk assets, such as Bitcoin. BTC could face a correction under such circumstances.
