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Strategy's 840,447 BTC returned above its $75,385 average cost as Bitcoin rallied, while BitMine retained a multibillion-dollar ETH loss.

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BTC is showing a robust rebound, with its price surging to $75,000 for the first time since May, according to metrics released by market watchers. The asset currently trades at $75,723, a significant bounce from the June 30 low of $58,856.

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Bitcoin has just recorded its strongest bullish surge in five months, but prediction markets still refuse to declare victory. After an 8.7% jump on Wednesday, BTC climbed up to $71,556 on Thursday, gaining 3.26% on the day and reaching levels lost since June 1st.

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VanEck's Head of Digital Asset Research Matthew Sigel reiterated on Thursday his $100,000 Bitcoin (CRYPTO: BTC) price target for 2027, adding that $500,000 by 2029 is also plausible if the cycle “plays out as usual.” Sigel Says BTC Surge Tied to Treasury Moves During an interview with CNBC, Sigel said that Bitcoin's ongoing surge is not linked to the CLARITY Act, but entirely linked to the Treasury Department's announcement that it would double its long-term bond buybacks.