Bitcoin’s explosive rebound last week could prove more than just a short-lived relief rally, according to analysts. The flagship cryptocurrency soared about 22% last week, the biggest three-day gain since 2023 and leaving bitcoin above its 200-day moving average (most recently, $69,050). A macro-driven shift in markets that drove investors back to crypto and other alternative assets, plus a massive short squeeze, accelerated the move. Spot bitcoin ETFs attracted roughly $1.6 billion in new cash last week, a sign the rally wasn’t only fueled by forced buying. Bitcoin entered last week after a long downturn, with investors lacking a catalyst to revive risk appetite beyond the long-awaited CLARITY Act (seemingly a dead end in 2026 when the…
