Explained | How Bitcoin rally led to skyrocketing of crypto stocks | What’s fuelling surge of both? Climbing in tandem

Bitcoin price surge, crypto stocks rally: Following US Secretary Scott Bessant’s announcement to double the size of its long-dated bond buybacks, Bitcoin prices skyrocketed last week, registering the biggest weekly rally in three years. The original cryptocurrency surged up to 23% last week and came close to the psychological $80,000 level, last seen in May 2026. Currently, the Bitcoin price is oscillating around $75,000, showing a weekly gain of over 21%.

Bitcoin price: Rally reason