{
  "id": 3098406,
  "title": "Crypto’s biggest rally since 2023: With bitcoin price at high, here’s what history, Ray Dalio, and Kalshi predict comes next",
  "url": "https://urgent.news/2026/08/24/cryptos-biggest-rally-since-2023-with-bitcoin-price-at-high-heres",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-24T19:30:00.000Z",
  "source": {
    "name": "Fast Company",
    "slug": "fast-company",
    "url": "https://www.fastcompany.com/91594469/crypto-market-bitcoin-btc-price-rally-today-what-history-ray-dalio-kalshi-predict"
  },
  "original_language": "en",
  "account": "The cryptocurrency market is experiencing a significant three-day rally, reminiscent of the surge seen in 2023. Bitcoin and Ethereum, along with crypto-linked stocks, are currently on the rise, with the week commencing on a strong note. Recent volatility, driven by concerns over the expanding U.S. deficit and inflation, has contributed to this upward trend.\n\nThe rally was fueled by the Treasury's increased bond buyback program and the ongoing efforts of President Donald Trump to pass the Clarity Act, a crypto-related bill. As reported by Fast Company, Trump has been actively supporting crypto-friendly policies during his second term, and his family has shown a personal interest in crypto investments.\n\nRay Dalio, founder of Bridgewater Associates, has cautioned investors about potential debt troubles within the next 3-5 years. In a LinkedIn post, Dalio expressed confidence in an inflection point in the government's financial situation, suggesting that investors should consider underweighting debt assets like bonds and overweighting gold and Bitcoin.\n\nCurrent market figures reveal that Bitcoin (BTC) is trading at $79,912.92, nearly reaching the $80,000 mark, while Ether (ETH) is up over 2% to $2,493.61. Both prices have not been seen in months, despite the generally lackluster performance of cryptocurrencies in 2026. Additionally, crypto treasury stocks have also increased, with Strategy and Strive up 5%, Bitmine (BMNR) up 9%, and Sharplink (SBET) up over 6% at the time of reporting.\n\nHowever, BTIG analyst Jonathan Krinsky pointed out that in January 2023, Bitcoin saw a 20% surge over three days, only to later fall back to its earlier 200-day moving average. Kalshi traders believe that the current Bitcoin rally may set the tone for the year's end, with prices remaining steady but not experiencing further growth.",
  "summary": "Crypto is having an extended 3-day rally, and it looks a lot like what happened back in 2023, according to at least one analyst. Cryptocurrencies such as Bitcoin and Ethereum and crypto-related stocks are up today, starting the week on a high note, amid worries about the growing U.S deficit and inflation, according to CNBC . That’s after last week’s rally had crypto prices soaring 20% with…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}