Three-Day Crypto Rally Mirrors 2023 as Bitcoin Nears $80K — What’s Driving the Surge

Three-day crypto rally echoes 2023 as Bitcoin nears $80,000 and Ether climbs. Policy moves, bond buybacks and Dalio warnings reshape investor outlook.

Crypto markets kicked off the week with an extended three-day rally that many traders say looks strikingly similar to the spring surge of 2023. Major cryptocurrencies and crypto-related stocks climbed sharply amid worries about a growing U.S. deficit and persistent inflation, pushing Bitcoin and Ether back toward multi-month highs.

Bitcoin (BTC) was trading around $79,912.92 midday Monday — just shy of the $80,000 mark — while Ether (ETH) rose to about $2,493.61 at the same time. The rally follows last week’s strong gains, which saw Bitcoin up more than 21% for the week, Ether up about 28%, XRP surging over 46% and Dogecoin jumping roughly 30%. Many coins have broken out of a trading range that characterized much of 2026 so far.

Several policy and macro factors helped fuel the move. The U.S. Treasury’s renewed focus on a bond buyback program has reshaped cash flows in fixed income, while debates over the Clarity Act and other crypto-friendly reforms — actively promoted by President Donald Trump — are creating fresh momentum in the sector. Crypto treasury stocks also rallied: Strategy and Strive climbed several percent, Bitmine (BMNR) jumped about 9% and Sharplink (SBET) gained over 6% at the time of writing.

High-profile commentary added to investor sentiment. Bridgewater founder Ray Dalio warned of a possible debt crisis within three to five years and recommended underweighting bonds while considering gold and “a bit of Bitcoin.” That view is resonating with traders seeking alternatives to traditional debt assets amid concerns about the U.S. deficit and inflation.

Not everyone is convinced the rally will extend. BTIG’s Jonathan Krinsky pointed to January 2023, when Bitcoin surged roughly 20% over three days only to later revert to its 200-day moving average. Meanwhile, Kalshi traders expect the recent gains to set the tone for year-end prices but do not foresee a runaway bull market beyond current levels.

For investors, the takeaway is familiar: monitor macro policy moves, watch technical levels like the 200-day moving average, and consider position sizing carefully. The current crypto rally underscores how quickly sentiment can swing when policy, macro risks and big-name voices align — but past patterns also warn that short-term spikes may not guarantee a sustained uptrend.

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