Bitcoin (BTC) Price: $75K Is Back - Here’s What’s Driving Bitcoin’s Biggest Week in Two Years

TLDR

• Bitcoin crossed $75,000 for the first time since late May, up 8% in 24 hours
• Trump urged Congress to pass the Clarity Act to create a U.S. crypto regulatory framework
• The U.S. Treasury doubled its bond buybacks, boosting risk appetite across markets
• BTC broke above its 200-day moving average for the first time since November 2025
• Bitcoin is on track for its best weekly performance since February 2024, up 19%

Bitcoin surged past $75,000 on Thursday evening U.S. time, reaching levels not seen since late May. The price hit an intraday high of $75,591 before settling around $75,400, up about 8% in 24 hours.

The move puts Bitcoin on track for its best week in over two years. BTC is up 19% for the week, its strongest weekly performance since February 2024.

Crypto analyst James Check noted the shift in market dynamics as Bitcoin crossed $75,000. “Price pain capitulation in February,” he wrote. “Time pain capitulation in June. Bears in pain, right now.” Check’s post pointed to sellers finally running out of steam after months of downward pressure.

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