Bitcoin BTC trades above $78,600 on Monday, rising approximately 2% over the previous 24 hours and extending last week's 20% rally. The weekly rally was Bitcoin's strongest performance in more than two years and pushed the cryptocurrency to an intraday high near $79,460. Improving liquidity expectations, stronger institutional demand, a more favorable regulatory outlook and widespread short covering supported the move. Bitcoin is now approaching the psychological resistance at $80,000. Several economic and policy events this week could determine whether buyers can extend the rally or whether the market enters a consolidation phase.