Bitcoin is so back.

That was the thought, anyway, that investors had this week as bitcoin abruptly pulled out of its ten-month-long bear market and soared 22% to end the week.

The move, which appeared to be largely driven by the White House cryptocurrency summit President Donald Trump hosted this week and expectations for lower rates, shows just how many bitcoin traders had been lurking on the sidelines and on a hair trigger, waiting for the right catalyst to buy.

The OG cryptocurrency, which is now officially in a bull market, surged another 5% on Friday, breaking above the $77,000 mark for the first time since May. The coin is up 19% since Wednesday, the day the crypto summit began at the White…