Woofun AI reports that a massive crypto rally was ignited by Treasury Secretary Scott Bessent's announcement of expanded bond buybacks, which lowered yields and bolstered U.S.-listed spot ETFs.

Bitcoin surged 23.6%, climbing from $62,000 to a peak of $79,500 before settling near $77,000, marking its second-best weekly performance since February 2021, surpassed only by the post-Silicon Valley Bank crisis rally in March 2023. Ether outperformed with a 31.3% gain, rising from below $1,900 to above $2,520 before retreating just below $2,500. This explosive move followed months of consolidation and low volatility, where investor accumulation created sensitivity to any catalyst breaking price ranges.

Woofun AI data shows Bitcoin ETFs attracted $1.92 billion in net inflows, the largest weekly total since Oct. 10 when bitcoin was near its $126,000 record high. Ether ETFs recorded $697 million in inflows, their strongest week since early October 2025. Both assets broke above their 200-day simple moving averages, with shorter-term averages turning higher to raise the prospect of a "golden cross" as the 50-day moving average crosses above the 200-day average.

The "debasement trade" narrative is resurging as investors seek scarce assets like bitcoin and gold to hedge against fiat erosion from debt and inflation. Gold has climbed back above $4,600, gaining 15% over the past month and moving above its 200-day average of $4,504.

Meanwhile, the U.S. Dollar Index, or DXY, has fallen to 98.9, slipping below its 200-day average of 99.1.

A weaker dollar and lower yields provide additional tailwinds for risk assets, reinforcing the current bullish momentum signal. This marks a significant shift in market sentiment as macro drivers align with technical breakout patterns.