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Bitcoin Nears $80,000 as Short Liquidations Accelerate

Bitcoin Nears $80,000 as Short Liquidations Accelerate

<p class="text-left mb-4 ">Bitcoin turned higher again after trading quietly over the weekend following Friday’s rally. BTC approached $79,700 on August 24, while short liquidations added momentum to the advance.</p><p class="text-left mb-4 ">According to <a href="https://jrkripto.com/tr/coin/btc" target="_blank" rel="noopener noreferrer" class="text-primary underline">JrKripto market data</a>, Bitcoin climbed to $79,700 as of 7:30 p.m. Türkiye time. The cryptocurrency gained 3% over 24 hours and 24.6% over the past seven days.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/btcusdt-2026-08-24-19-40-19-2b5f8c13.webp" alt="BTCUSDT_2026-08-24_19-40-19.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><p class="text-left mb-4 ">Bitcoin traded between $76,718 and $79,749 during the 24-hour period. The recovery erased its weekend losses and brought the $80,000 threshold back into focus.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Weekend decline hit long positions</h2><p class="text-left mb-4 ">Bitcoin climbed from around $64,000 to nearly $79,500 during last week’s rapid rally. Profit-taking after the move of more than 20% pushed the price down to $75,600 on August 23.</p><p class="text-left mb-4 ">The weekend pullback particularly affected traders betting on further gains. Market data showed that traders <a href="https://jrkripto.com/tr/liquidation-data" target="_blank" rel="noopener noreferrer" class="text-primary underline">lost $53.2 million through Bitcoin liquidations</a> on August 23.</p><p class="text-left mb-4 ">Long positions accounted for $44.8 million of that total. Around 84% of Bitcoin liquidations therefore came from long trades.</p><p class="text-left mb-4 ">Bitcoin did not remain below $76,000 for long, which limited the selling pressure. Buyers returned and pushed the price first above $77,000 and then beyond $79,000.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Shorts accounted for 89% of hourly liquidations</h2><p class="text-left mb-4 ">The recovery caught traders positioned for further declines. Across the broader crypto market, liquidations reached approximately $361 million over the past 24 hours.</p><p class="text-left mb-4 ">Short positions accounted for $203.9 million, or 56.5% of the total. Long liquidations stood at $157.2 million.</p><p class="text-left mb-4 ">Four-hour data showed growing pressure on bearish positions. Shorts accounted for $121.7 million of the $189.4 million liquidated during that period.</p><p class="text-left mb-4 ">The gap widened further over the past hour. Short positions represented $35.6 million of the approximately $39.9 million in liquidations.</p><p class="text-left mb-4 ">Their share of hourly liquidations consequently reached 89.1%. Forced position closures created additional buying pressure as Bitcoin moved above $79,000.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Bitcoin ETFs attracted $1.92 billion</h2><p class="text-left mb-4 ">Liquidations in derivatives markets accelerated the price movement. Demand in the spot market also showed that the rally had broader support.</p><p class="text-left mb-4 ">According to Farside Investors, U.S. spot Bitcoin ETFs recorded approximately $1.92 billion in net inflows during the week of August 17–21. The funds attracted $606.3 million on August 20 alone.</p><p class="text-left mb-4 ">The ETFs added another $307.5 million on August 21. Five consecutive days of positive flows indicated that institutional demand remained firm as Bitcoin’s price climbed.</p><p class="text-left mb-4 ">The U.S. Treasury’s decision to increase purchases of longer-dated government bonds also supported Bitcoin. The move lowered Treasury yields and increased pressure on the dollar.</p><p class="text-left mb-4 ">The Trump administration’s push for a clearer regulatory framework for crypto also improved market sentiment. President Donald Trump urged Congress last week to move forward with the CLARITY Act.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Bitcoin price turns toward $80,000</h2><p class="text-left mb-4 ">Bitcoin faces its first short-term resistance between $79,750 and $80,000. Holding above this area could create room for last week’s rally to continue.</p><p class="text-left mb-4 ">Bitget Research Chief Analyst Ryan Lee told CoinDesk that Bitcoin could consolidate between $74,000 and $81,000 in the near term. According to Lee, continued institutional demand after forced liquidations subside will determine the rally’s durability.</p><p class="text-left mb-4 ">Markets will also follow Federal Reserve Chair Kevin Warsh’s Jackson Hole speech this week. His comments on interest rates and the bond market could shape Bitcoin’s direction around $80,000.</p>

24 Aug 2026
Goldman Sachs Invests $86.5 Million in Five XRP ETFs

Goldman Sachs Invests $86.5 Million in Five XRP ETFs

<p class="text-left mb-4 ">Goldman Sachs returned to the XRP ETF market after a three-month absence. The Wall Street bank reported positions worth a combined $86.5 million across five funds.</p><p class="text-left mb-4 ">According to the bank’s second-quarter <a href="https://www.sec.gov/Archives/edgar/data/886982/000088698226000519/0000886982-26-000519-index.htm" target="_blank" rel="noopener noreferrer" class="text-primary underline">Form 13F filing</a> with the US Securities and Exchange Commission, the positions reflect its portfolio as of June 30, 2026. Goldman Sachs had exited all its XRP ETF investments during the first quarter.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Goldman Sachs invested in five XRP ETFs</h2><p class="text-left mb-4 ">Goldman Sachs held its largest XRP ETF position in Bitwise’s fund. The bank reported 2,208,949 shares of the Bitwise XRP ETF.</p><p class="text-left mb-4 ">The position was worth $25.76 million at the end of the quarter. Its 2,238,407 shares in Franklin Templeton’s XRPZ fund carried a value of $25.41 million.</p><p class="text-left mb-4 ">The bank also invested in XRPC, which Canary Capital manages. Goldman Sachs held 1,759,090 XRPC shares worth $19.49 million as of June 30.</p><p class="text-left mb-4 ">Two smaller positions involved funds from 21Shares and Grayscale. The bank held 806,126 shares of the 21Shares XRP ETF. The investment, which trades under the ticker TOXR, was worth $8.21 million.</p><p class="text-left mb-4 ">Its Grayscale XRP Trust ETF position consisted of 377,619 shares. The GXRP investment had a quarter-end value of $7.65 million.</p><p class="text-left mb-4 ">The five positions were worth a combined $86.506 million. Canary Capital’s XRPC also emerged as a new addition that was absent from Goldman Sachs’ previous XRP ETF portfolio.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Goldman Sachs exited all XRP positions in the first quarter</h2><p class="text-left mb-4 ">Goldman Sachs’ Form 13F filing for March 31 included no XRP-linked ETFs. The bank had fully closed the portfolio it created at the end of 2025.</p><p class="text-left mb-4 ">In its amended filing for the fourth quarter of 2025, Goldman Sachs reported $152.2 million across four XRP funds. The portfolio included products from Bitwise, Franklin Templeton, Grayscale and 21Shares.</p><p class="text-left mb-4 ">The new investment remained about 43% below its value at the end of 2025. Still, the position’s recovery from zero to $86.5 million within a single quarter showed that the bank had returned to XRP-linked products.</p><p class="text-left mb-4 ">The number of shares held in the Bitwise and Franklin funds also rose above their levels at the end of 2025. Goldman Sachs maintained more limited positions in the Grayscale and 21Shares funds.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">The Form 13F filing does not indicate a direct XRP purchase</h2><p class="text-left mb-4 ">Goldman Sachs did not report holding XRP tokens directly. All the disclosed positions consisted of shares in funds trading on US exchanges.</p><p class="text-left mb-4 ">Form 13F filings only show long positions held on the final day of a quarter. Under SEC rules, institutions managing at least $100 million in reportable assets must submit these reports.</p><p class="text-left mb-4 ">The filings do not reveal purchase dates, investment motives or whether the positions remain open. They also do not separately categorize client accounts, market-making activities and investments made with the bank’s own capital.</p><p class="text-left mb-4 ">The disclosure alone therefore does not support the conclusion that Goldman Sachs has made a long-term price forecast for XRP. However, the distribution of the positions across five products shows that the bank has become active in regulated XRP investment vehicles again.</p><p class="text-left mb-4 "><a href="https://jrkripto.com/tr/coin/xrp" target="_blank" rel="noopener noreferrer" class="text-primary underline">XRP</a> traded at around $1.49 on August 24. The current value of Goldman Sachs’ June 30 positions may differ from the amount reported in the Form 13F filing due to subsequent changes in ETF prices.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/xrpusdt-2026-08-24-17-57-08-a08fdfb0.webp" alt="XRPUSDT_2026-08-24_17-57-08.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><p class="text-left mb-4 min-h-[1.5em]"> </p>

24 Aug 2026
Crypto This Week: 24 Events in Focus as PCE and Jackson Hole Take Center Stage

Crypto This Week: 24 Events in Focus as PCE and Jackson Hole Take Center Stage

<p class="text-left mb-4 "><a href="https://jrkripto.com/tr/coin/btc" target="_blank" rel="noreferrer" class="text-primary underline">Bitcoin </a>started the week of August 24–30 above $77,000. BTC gained more than 21% last week, while investors shifted their attention to US inflation, the Jackson Hole symposium and comments from Federal Reserve Chair Kevin Warsh.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/btcusdt-2026-08-24-11-29-03-4d4cf0fc.webp" alt="BTCUSDT_2026-08-24_11-29-03.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><p class="text-left mb-4 ">On the crypto calendar, network upgrades for BNB Chain and Zano stand out. New tokens from DGAI, PROPR and TMX will enter the market, while the circulating supplies of SIGN and ZORA will expand.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">PCE data will shape interest rate expectations</h2><p class="text-left mb-4 ">The week’s most important data will be released simultaneously on Wednesday, August 26, at 3:30 p.m. Türkiye time. The US Bureau of Economic Analysis’ official calendar includes the July personal income and spending report and the second estimate of second-quarter economic growth.</p><p class="text-left mb-4 ">The market expects headline PCE inflation, which the Fed closely monitors, to rise 0.1% month over month. The annual rate is forecast to decline from 3.7% to 3.6%.</p><p class="text-left mb-4 ">Core PCE is expected to increase 0.2% monthly and 3.3% annually. A higher-than-expected reading could raise the possibility of an interest rate hike in September and push long-term Treasury yields higher.</p><p class="text-left mb-4 ">No revision is expected to the initial estimate showing that the US economy grew at an annualized rate of 1.5% in the second quarter. Durable goods orders are forecast to rise 0.5% in July.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Jackson Hole’s theme directly concerns the crypto market</h2><p class="text-left mb-4 ">The Kansas City Fed’s annual Jackson Hole Economic Policy Symposium will take place in Wyoming from August 27 to 29. This year’s theme is “Financial Innovation: Implications for Payments and Policy.”</p><p class="text-left mb-4 ">The theme matters for stablecoins, tokenized assets, digital payments and central banks’ approach to financial innovation. Central bank officials, economists and policymakers will attend the event.</p><p class="text-left mb-4 ">Fed Chair Kevin Warsh will deliver the symposium’s keynote address on Friday, August 28, at 5:00 p.m. Türkiye time. The time of the speech has been confirmed on the Fed’s events calendar.</p><p class="text-left mb-4 ">Markets currently assign an approximately 40% probability to an interest rate hike in September. Futures pricing has largely factored in at least one increase by December.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Oil prices keep inflation risks alive for crypto</h2><p class="text-left mb-4 ">Tensions involving Iran and the Strait of Hormuz are increasing the impact of energy costs on central bank decisions. Brent crude fell 1.5% on Monday but remained near $93 per barrel.</p><p class="text-left mb-4 ">According to Reuters, investors are awaiting details of new US sanctions against Iran. Iran’s threat to disrupt energy exports from the Gulf is keeping the risk of another increase in oil prices alive.</p><p class="text-left mb-4 ">Higher energy prices could fuel PCE inflation and make it more difficult for the Fed to move toward rate cuts. This outlook represents one of the week’s main risks for Bitcoin and altcoins, which remain sensitive to liquidity conditions.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Two Asian central banks will announce rate decisions</h2><p class="text-left mb-4 ">The Bank of Thailand will announce its interest rate decision on Wednesday, August 26, at 10:00 a.m. Türkiye time. The bank’s meeting schedule confirms the date, while the current policy rate stands at 1%.</p><p class="text-left mb-4 ">The Bank of Korea will announce its decision on Thursday, August 27, at 4:00 a.m. Türkiye time. The bank raised its rate by 25 basis points to 2.75% in July.</p><p class="text-left mb-4 ">South Korean policymakers have indicated that further tightening could remain on the agenda due to high inflation and strong economic growth. The decision could affect Asian currencies and regional risk appetite.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">BNB Chain and Zano networks will receive upgrades</h2><p class="text-left mb-4 ">BNB Smart Chain’s Pasteur upgrade will activate on the mainnet on Tuesday, August 25, at 5:30 a.m. Türkiye time. According to BNB Chain’s announcement, node operators must upgrade their client software to version v1.7.7 before the activation.</p><p class="text-left mb-4 ">Pasteur will strengthen bridge transaction verification and validator key security. Tests on the testnet reportedly increased transaction capacity from 1,237 to 2,324 transactions per second.</p><p class="text-left mb-4 ">Privacy-focused network Zano will also activate Hard Fork 6 at block 3,833,000. According to the project, the network is expected to reach this block between August 25 and 27.</p><p class="text-left mb-4 ">The upgrade will introduce Gateway Addresses, making it easier for exchanges and cross-chain applications to connect with Zano. Wallet users, mining pools and node operators must update their software before the network reaches the target block height.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Three tokens are entering the market</h2><p class="text-left mb-4 ">DGrid AI’s DGAI token will begin trading on Bitget on Monday, August 24, at 11:00 a.m. Türkiye time. The exchange confirmed the launch time for the DGAI/USDT pair in its official listing announcement.</p><p class="text-left mb-4 ">Propr, a proprietary trading platform built on Hyperliquid, will also launch the PROPR token on August 24. The project’s roadmap places the token generation event and the start of spot trading on the same date, although it does not provide an exact time.</p><p class="text-left mb-4 ">Fixed-rate lending protocol TermMax will hold its TMX token generation event on August 25. TMX is designed as the protocol’s governance and utility token.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">SIGN and ZORA token unlocks will be closely watched</h2><p class="text-left mb-4 ">A total of 207.78 million SIGN tokens will enter circulation. The project’s calendar lists the event for August 28 at midnight Beijing time, meaning the unlock will occur on Thursday, August 27, at 7:00 p.m. Türkiye time.</p><p class="text-left mb-4 ">At the current price, the SIGN unlock is worth approximately $3.63 million. The value will change alongside movements in the spot price.</p><p class="text-left mb-4 ">ZORA will unlock 166.67 million tokens on Sunday, August 30, at 8:30 a.m. Türkiye time. The unlock represents approximately 1.67% of the total supply and is worth around $1.1 million at the current price.</p><p class="text-left mb-4 ">Of the unlocked tokens, 72.5 million will go to investors, 52.5 million to the team and 41.67 million to the treasury. The latest distribution figures and approximate dollar value are available on ZORA’s unlock calendar.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">IREN will report its financial results</h2><p class="text-left mb-4 ">IREN, which is shifting from Bitcoin mining toward artificial intelligence cloud infrastructure, will release its fiscal 2026 results on August 27. Due to the time difference, the company’s conference call will begin on Friday, August 28, at midnight Türkiye time.</p><p class="text-left mb-4 ">IREN’s investor announcement shows that the report will cover the fiscal year ending June 30. Mining revenue, energy expenses and investments in artificial intelligence infrastructure will be among the main items to watch.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Bitcoin Asia will take place in Hong Kong</h2><p class="text-left mb-4 ">Bitcoin Asia 2026 will take place in Hong Kong on August 27 and 28. The organizer’s event page says more than 150 speakers and over 10,000 attendees are expected.</p><p class="text-left mb-4 ">The program will focus on Bitcoin infrastructure, institutional capital, adoption across Asia and regulation. CZ, Balaji Srinivasan and Hong Kong Legislative Council member Johnny Ng are among the announced speakers.</p><p class="text-left mb-4 "><strong>The full calendar of 24 developments for the week is as follows:</strong></p><ol class="list-decimal list-inside my-4"><li>August 24: PROPR token generation event.</li><li>August 24, 11:00 a.m. Türkiye time: DGAI/USDT trading begins on Bitget.</li><li>August 25, 5:30 a.m. Türkiye time: BNB Smart Chain Pasteur upgrade.</li><li>August 25: TMX token generation event.</li><li>August 25–27: Zano Hard Fork 6 activation.</li><li>August 25, 5:00 p.m. Türkiye time: US July new home sales; forecast 619,000, previous 628,000.</li><li>August 25, 5:00 p.m. Türkiye time: US consumer confidence; forecast 90.1, previous 90.8.</li><li>August 26, 4:30 a.m. Türkiye time: Australia’s July inflation data.</li><li>August 26, 10:00 a.m. Türkiye time: Bank of Thailand interest rate decision.</li><li>August 26, 3:30 p.m. Türkiye time: US durable goods orders; forecast 0.5%, previous 0.3%.</li><li>August 26, 3:30 p.m. Türkiye time: Second estimate of US second-quarter growth; forecast 1.5%.</li><li>August 26, 3:30 p.m. Türkiye time: US July PCE inflation.</li><li>August 27, 4:00 a.m. Türkiye time: Bank of Korea interest rate decision.</li><li>August 27, 3:30 p.m. Türkiye time: US weekly jobless claims; forecast and previous reading 206,000.</li><li>August 27, 7:00 p.m. Türkiye time: SIGN token unlock worth approximately $3.63 million.</li><li>August 27–29: Jackson Hole Economic Policy Symposium.</li><li>August 27–28: Bitcoin Asia 2026.</li><li>August 28, midnight Türkiye time: IREN financial results conference call.</li><li>August 28, 2:30 a.m. Türkiye time: Japan’s July unemployment rate.</li><li>August 28, 3:30 p.m. Türkiye time: Canada’s June and second-quarter GDP data.</li><li>August 28, 4:45 p.m. Türkiye time: Chicago PMI; forecast 57.9, previous 57.6.</li><li>August 28, 5:00 p.m. Türkiye time: University of Michigan final consumer sentiment reading; forecast 51.</li><li>August 28, 5:00 p.m. Türkiye time: Fed Chair Kevin Warsh’s Jackson Hole speech.</li><li>August 30, 8:30 a.m. Türkiye time: ZORA token unlock worth approximately $1.1 million.</li></ol>

24 Aug 2026
Trump’s Remarks Send Hyperliquid to a Record High

Trump’s Remarks Send Hyperliquid to a Record High

<p class="text-left mb-4 ">Hyperliquid’s native token, HYPE, climbed to an all-time high of $77.55 on Aug. 21. The rally accelerated after U.S. President Donald Trump said efforts were underway to bring the platform into the U.S. market through a legal and compliant framework.</p><p class="text-left mb-4 ">The <a href="https://jrkripto.com/tr/coin/hype" target="_blank" rel="noopener noreferrer" class="text-primary underline">HYPE coin price</a> traded around $76 following the record. The token gained roughly 4% over the past 24 hours and 37.6% over the past week.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/hypeusdt-2026-08-21-19-25-21-19e21c69.webp" alt="HYPEUSDT_2026-08-21_19-25-21.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><p class="text-left mb-4 ">HYPE’s market capitalization reached $16.9 billion, while its 24-hour trading volume exceeded $1.75 billion. The move placed Hyperliquid among the 10 largest cryptocurrencies by market capitalization.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Trump’s Hyperliquid remarks accelerate the rally</h2><p class="text-left mb-4 ">The most significant development behind the HYPE rally came during a White House meeting hosted by Trump on Aug. 19. Executives from companies including Coinbase, Ripple, Kraken, Robinhood and Gemini attended the meeting.</p><p class="text-left mb-4 ">During his remarks, Trump said Commodity Futures Trading Commission Chair Michael Selig was working on Hyperliquid. The U.S. president stated that Selig was “working to bring Hyperliquid into the United States in a fully compliant and legal fashion.”</p><p class="text-left mb-4 ">The remarks strengthened expectations that Hyperliquid could enter the U.S. market. HYPE was trading at around $66 before Trump’s comments.</p><p class="text-left mb-4 ">The token gained more than 17% in two days and reached $77.55. Although its daily increase was more limited, its weekly gain exceeded 35%.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Could Hyperliquid operate in the United States?</h2><p class="text-left mb-4 ">Hyperliquid does not directly offer its services in the United States due to regulatory uncertainty surrounding decentralized exchanges and perpetual futures products. Its terms of service list U.S. users among those in restricted jurisdictions.</p><p class="text-left mb-4 ">Trump’s remarks provided one of the strongest political signals that this situation could change. However, neither the White House nor the CFTC has announced a formal license, application process or timeline for Hyperliquid.</p><p class="text-left mb-4 ">Earlier in 2026, the CFTC opened a new pathway for registered U.S. exchanges to offer products resembling perpetual futures. Hyperliquid representatives also met with the agency’s Innovation Task Force in July.</p><p class="text-left mb-4 ">Trump’s statement therefore does not amount to direct authorization for the platform to operate in the country. It indicates that regulators are working on a potential legal framework for Hyperliquid.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Broader crypto rally supports HYPE</h2><p class="text-left mb-4 ">HYPE reached its record high during a strong rally across the wider cryptocurrency market. Bitcoin gained 7% and approached $77,000, while Ethereum rose 4% to $2,381.</p><p class="text-left mb-4 ">XRP posted a daily gain of 18%. The total cryptocurrency market capitalization increased by 5% to $2.66 trillion.</p><p class="text-left mb-4 ">The rally triggered large short liquidations across the derivatives market. According to figures based on CoinGlass data, approximately $1.5 billion in positions were liquidated within 24 hours.</p><p class="text-left mb-4 ">Short positions accounted for $1.21 billion of that total. Forced buying accelerated gains in Bitcoin and major altcoins, while HYPE also benefited from the broader market momentum.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">What is Hyperliquid?</h2><p class="text-left mb-4 ">Hyperliquid is a decentralized trading platform operating on its own Layer 1 network. It offers spot and perpetual futures markets for cryptocurrencies, commodities, foreign exchange and tokenized stocks.</p><p class="text-left mb-4 ">Its order book, matching engine and liquidation processes operate onchain. HYPE serves several functions across the network, including staking, governance and transaction fee payments.</p><p class="text-left mb-4 ">A potential regulatory opening in the United States could expand Hyperliquid’s user base. However, the legal structure of such a move and the products the platform could offer remain unclear. </p>

21 Aug 2026
Bitcoin Breaks Above $75,000 as $517 Million Flows Into ETFs

Bitcoin Breaks Above $75,000 as $517 Million Flows Into ETFs

<p class="text-left mb-4 ">Bitcoin extended the sharp rally that began on August 19 and broke above the $75,000 threshold overnight. The price reached $75,664, bringing its two-day gain close to 15%.</p><p class="text-left mb-4 "><a href="https://jrkripto.com/tr/coin/btc" target="_blank" rel="noopener noreferrer" class="text-primary underline">Bitcoin</a> was trading near $75,500 on the morning of August 21. Its daily gain exceeded 8%, while its market capitalization climbed back above $1.5 trillion.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/btcusdt-2026-08-21-10-06-02-ee28a602.webp" alt="BTCUSDT_2026-08-21_10-06-02.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><p class="text-left mb-4 ">The rally has now continued into a third day following the initial wave of short liquidations. Fresh inflows into U.S. spot Bitcoin ETFs also suggest that the rise is no longer being driven solely by forced buying in the derivatives market.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1"><strong>Bitcoin rally reaches $75,000</strong></h2><p class="text-left mb-4 ">Bitcoin began its move near $64,300 on August 19 before climbing to $68,700. During <a href="https://jrkripto.com/tr/news/bitcoin-bir-saatte-yuzde-7-yukseldi" target="_blank" rel="noopener noreferrer" class="text-primary underline">the initial rally covered by JrKripto</a>, short liquidations accelerated the price increase.</p><p class="text-left mb-4 ">BTC held on to its gains afterward. The price remained near $71,800 on the afternoon of August 20 before fresh buying emerged overnight.</p><p class="text-left mb-4 ">By breaking above $75,000, Bitcoin recorded one of its strongest recoveries since June. The intraday high reached $75,664.</p><p class="text-left mb-4 ">The gains also spread across the broader crypto market. Ether and other large-cap altcoins advanced, while U.S.-listed shares of crypto companies also benefited from the rally.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1"><strong>Spot Bitcoin ETFs receive $517 million</strong></h2><p class="text-left mb-4 ">Forced buying in the derivatives market played a prominent role during the first stage of the rally. However, the price continuing to rise for three consecutive days indicates that demand in the spot market has also strengthened.</p><p class="text-left mb-4 ">Data showed that U.S.-listed spot Bitcoin ETFs recorded $517 million in net inflows. This marked their largest daily inflow in roughly three and a half months.</p><p class="text-left mb-4 ">ETF flows are among the main indicators used to track Bitcoin demand from investors in traditional markets. New Bitcoin purchases by these funds can directly tighten the available supply in the spot market.</p><p class="text-left mb-4 ">Activity in the derivatives market has yet to subside. Short positions accounted for most of the Bitcoin positions liquidated during the latest rally. Although spot demand has strengthened, forced buying from leveraged trades is still contributing to the price increase.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1"><strong>U.S. Treasury decision supports risk appetite</strong></h2><p class="text-left mb-4 ">One of the main macroeconomic catalysts behind Bitcoin’s rise was the U.S. Treasury’s decision to expand its buybacks of long-term government bonds. The department announced that it would increase the maximum size of each buyback operation for 10- to 30-year bonds from $2 billion to at least $4 billion.</p><p class="text-left mb-4 ">According to the <a href="https://home.treasury.gov/news/press-releases/sb0607" target="_blank" rel="noopener noreferrer" class="text-primary underline">U.S. Treasury’s announcement</a>, the larger buybacks will begin on September 9. Long-term bond yields declined following the decision, while pressure on the U.S. dollar increased.</p><p class="text-left mb-4 ">Lower yields and a weaker dollar supported demand for risk assets such as Bitcoin. However, the buyback program does not amount to direct monetary expansion. The Treasury aims to strengthen liquidity in the long-term government bond market through the measure.</p><p class="text-left mb-4 ">Developments on the regulatory front also contributed to the positive market sentiment. Following the White House crypto summit, U.S. President Donald Trump <a href="https://jrkripto.com/tr/news/trumptan-kongreye-kripto-cagrisi" target="_blank" rel="noopener noreferrer" class="text-primary underline">called on Congress to pass the CLARITY Act</a>.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1"><strong>Which Bitcoin levels should investors watch?</strong></h2><p class="text-left mb-4 ">The intraday peak near $75,600 has become Bitcoin’s first short-term threshold. Holding above this level could support a continuation of the rally toward the $78,000 to $80,000 range.</p><p class="text-left mb-4 ">On the downside, the $72,000 to $73,000 range is the first key area to watch. Bitcoin remaining above $70,000 will be important for preserving the latest breakout.</p><p class="text-left mb-4 ">Whether ETF inflows continue will also provide clues about the rally’s underlying structure. If spot demand remains strong while leverage grows at a limited pace, the move could develop on a more balanced foundation. Weaker fund inflows combined with rapidly expanding derivatives positions could increase the risk of a sharp pullback.</p>

21 Aug 2026
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