Crypto’s biggest rally since 2023: With bitcoin price at high, here’s what history, Ray Dalio, and Kalshi predict comes next

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 Bitcoin up more than 21%, XRP surging over 46%, Ether up 28%, and Dogecoin up 30% for the week, breaking out of their trading range. The rally comes as the Treasury doubles down on its bond buyback program, and amid President Donald Trump’s continued push to pass the Clarity Act crypto bill, as Fast Company previously reported. (⁠Trump has prioritized crypto reform during his second term in office, aggressively promoting crypto-friendly reforms and initiatives, while the president and his family take a personal stake in crypto investments.) Adding fuel to the fire, Bridgewater Associates founder Ray Dalio warned investors of a possible debt crisis within the next 3-5 years. “I am confident that the government’s financial condition is at an inflection point,” Ray Dalio wrote on LinkedIn, advising …