Woofun AI reports that Bitcoin climbed nearly 8% on Friday, achieving a 24% weekly gain and surpassing $78,000, the highest level since May. This move positions the asset for its strongest single-week performance in over three years. The rally coincided with Treasury Secretary Scott Bessent's announcement to expand long-term U.S. debt buybacks, which intensified market 'debasement trades' and risk-aversion trends.

Gold also strengthened, rising 1.5% to approximately $4,585 per ounce, with August gains exceeding 13%. Broader crypto assets followed suit：Ethereum rose 29%, Solana increased 17%, and XRP jumped 40% over the week. Crypto-related equities also advanced, with Coinbase up 16%, Circle Internet Group up 17%, and Strategy up 21%. Analysts attribute the momentum to concerns over declining dollar purchasing power and short-selling squeezes triggered by the rapid price appreciation.