Crypto Weekly Roundup: Bitcoin Posts Biggest Weekly Gain Since 2023
Crypto Weekly Roundup: Bitcoin Jumps 23% As Wall Street Doubles Down
Bitcoin Price closed out the week ending August 24, 2026, with a gain of roughly 23%, its strongest weekly performance since March 2023, according to Bloomberg.
This Crypto Weekly Roundup breaks down the biggest story lines driving news this week, from Bitcoin's sharp rebound toward $80,000 to fresh moves from Coinbase, Charles Schwab, and the SEC.
As of August 31, 2026, the rally has reshaped sentiment across digital assets and pulled institutional players deeper into the market.
What Happened This Week in Crypto?
Quick answer: Bitcoin surged about 23% in the week ending August 24, 2026, its best run since March 2023, after the US Treasury said it would expand bond buybacks.
The same week, Coinbase widened Bitcoin-backed mortgages, Schwab added three tokens, and the SEC sent a custody proposal to the White House.
This Crypto Weekly Roundup also captures a wider financial news cycle beyond digital assets.
WatcherGuru, a widely followed markets account on X, compiled the week's biggest developments, including this weekly Bitcoin news, in a single roundup post spanning, tariffs, and AI. 
Bitcoin Weekly Gain: Inside The BTC Price Surge
The Bitcoin weekly gain followed Treasury Secretary Scott Bessent's statement that the department would at least double its bond buyback program, lowering yields and pushing traders into riskier assets, per Bloomberg.
President Trump also met industry leaders that same week.
Metric | Figure |
Weekly gain | 23% |
Price reached | Around $79,500 |
Comparable period | Best week since March 2023 |
Prior all-time high | Near $126,000 (October 2025) |
Bitcoin had spent much of 2026 range-bound between $60,000 and $70,000 before this breakout. Live charts for this Bitcoin 23% surge are on Coingecko.
Coinbase Expands Bitcoin-Backed Mortgages
Coinbase and Better Mortgage moved their Bitcoin-backed mortgage product to general availability on August 26, 2026, letting eligible US buyers pledge BTC toward a down payment instead of selling it, per Yahoo Finance.
Borrowers avoid a taxable sale and face no margin calls, since the down-payment loan sits separate from the primary mortgage.
Coinbase also announced the development in a post on X, stating that U.S. borrowers can now use Bitcoin as collateral for a down payment without selling their holdings or facing margin calls. The company added that Coinbase One members can get up to $10,000 back at closing.
Bitcoin must be pledged at 250% of the down-payment loan value
Coinbase One members get a 1% rebate, capped at $10,000
Early waitlist demand topped $260 million in projected loan volume
Charles Schwab Adds Solana, Avalanche, And Chainlink
In a separate market update, Charles Schwab, which oversees more than $13 trillion in client assets, announced plans to add Solana (SOL), Avalanche (AVAX), and Chainlink (LINK) to its Schwab platform, according to the company's own press release.
It counts among the week's most notable crypto news today for institutional adoption watchers.
Asset | Status on Schwab Crypto |
Bitcoin (BTC) | Already live |
Ethereum (ETH) | Already live |
Solana (SOL) | Coming in the months ahead |
Avalanche (AVAX) | Coming in the months ahead |
Chainlink (LINK) | Coming in the months ahead |
"With this expansion, clients will have more choices to build a digital asset allocation," said Joe Vietri, Head of Digital Assets at Charles Schwab, in the company's statement.
SEC Proposes Modernized Crypto Custody Rules
Rounding out this week in, the SEC sent a proposal to the White House Office of Management and Budget on August 25, 2026, aimed at clarifying how investment advisers and funds may hold crypto assets for clients, per Bloomberg.
This builds on the SEC's broader Regulation Assets proposal from August 18, 2026, detailed on the agency's own newsroom page. The custody text stays sealed until review ends and the SEC holds a formal vote.
Why This Week Matters For Markets
Taken together, these stories make this an eventful edition of the Crypto Weekly Roundup.
Analysts note that a sustained Bitcoin news update of this scale, paired with regulatory clarity and mainstream brokerage expansion, could support continued interest from traditional finance, though prices may stay volatile near term.
This crypto market recap and weekly recap reflect confirmed statements from official company and regulatory sources as of August 31, 2026.
Readers should treat this Crypto Weekly Roundup and roundup today as informational, not financial advice, given the volatility in digital asset markets.
Disclaimer: This Roundup is for informational purposes only and is not financial advice. Markets are volatile; please do your own research before investing.
