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Historic Milestone: Cyprus Achieves A-Level Rating After 13 Years

by THEFUTURE.TEAM

Government Spokesperson Konstantinos Letymbiotis says the recent double upgrade of Cyprus’ economy by Moody’s Investors Service marks a pivotal moment. Speaking on Sunday after a memorial service in Paphos, Letymbiotis noted that the elevation to an A-level credit rating—the first in 13 years—reflects trust in the country’s fiscal management and strategic direction.

Highlighting the priorities of President Nikos Christodoulides’ administration, Letymbiotis reaffirmed the government’s commitment to policies focused on the welfare of the Cypriot people. Special attention is being directed toward supporting youth and small and medium-sized enterprises (SMEs) to drive sustainable economic growth.

Letymbiotis expressed optimism that Moody’s upgrade will catalyse further positive developments, particularly in attracting foreign investment. The improved rating is expected to bolster investor confidence, laying the groundwork for long-term economic opportunities and prosperity.

Bitcoin Surges 23% In A Week As Investor Optimism Returns

by News Editor

Bitcoin was on track for a weekly gain of around 23% on Friday as a series of positive macroeconomic and policy developments boosted investor sentiment.

The cryptocurrency was trading about 6% higher at roughly $77,000, up from around $62,800 at the start of the week. Crypto-related stocks also rallied, with Coinbase and Circle gaining more than 9%, while Strategy rose 7%.

Macro Factors Fuel Rally

Bitcoin’s latest surge began Wednesday after Treasury yields fell sharply following a major intervention by the U.S. Treasury in the bond market. Lower yields eased pressure on risk assets and helped trigger a broader move into cryptocurrencies.

The rally was further amplified by a major short squeeze. Around $2.7 billion in crypto short positions were liquidated, according to CoinGlass.

Max Stuedlein, head of Partnerships at Sygnum APAC, said the move reflected an alignment of macroeconomic and policy catalysts, including the Treasury’s decision to increase buybacks of longer-dated government debt.

Clarity Act Boosts Sentiment

Investor confidence improved further on Thursday as the White House and crypto industry leaders made a final push to advance the Clarity Act in the coming weeks.

The legislation is widely viewed as a potential catalyst for the crypto market, although its chances of passing remain relatively limited.

Despite the rally, bitcoin remains well below its 2026 high of $94,820 reached in January and its all-time high of $126,198, set last October.

Analysts See More Volatility Ahead

Lucy Gazmararian, founder and managing partner at Token Bay Capital, said the crypto market may be approaching the end of its bear cycle.

She expects bitcoin could experience one more decline of around 20% before the market turns, pointing to historical cycles and the recent liquidation of heavily leveraged short positions.

Gazmararian also described bitcoin as a long-term hedge against monetary debasement, while warning that its short-term price remains highly volatile and driven by market cycles.

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