Bitcoin Eyes Best Week in Over 2 Years

2026-08-21 02:41 By Kyrie Dichosa 1 min. read

Bitcoin continued its bullish run toward $75,000 in August, hitting its highest level since late May and poised for a weekly gain of about 19%, its strongest since February 2024, after President Donald Trump urged Congress to pass a key regulatory bill.

Trump called on lawmakers to advance a “fair version” of the Clarity Act, legislation backed by the crypto industry that aims to establish a comprehensive regulatory framework for digital assets in the US.

The rally triggered more than $1 billion in Bitcoin short-position liquidations within about an hour, while total crypto short liquidations reached a record $2.7 billion.

Meanwhile, US spot Bitcoin ETFs recorded $517 million in net inflows, their highest since May.

Elsewhere, the US Treasury’s decision to substantially expand its purchases of 20-year and 30-year bonds pushed yields sharply lower, further boosting the appeal of riskier assets such as Bitcoin.



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Bitcoin Eyes Best Week in Over 2 Years
Bitcoin continued its bullish run toward $75,000 in August, hitting its highest level since late May and poised for a weekly gain of about 19%, its strongest since February 2024, after President Donald Trump urged Congress to pass a key regulatory bill. Trump called on lawmakers to advance a “fair version” of the Clarity Act, legislation backed by the crypto industry that aims to establish a comprehensive regulatory framework for digital assets in the US. The rally triggered more than $1 billion in Bitcoin short-position liquidations within about an hour, while total crypto short liquidations reached a record $2.7 billion. Meanwhile, US spot Bitcoin ETFs recorded $517 million in net inflows, their highest since May. Elsewhere, the US Treasury’s decision to substantially expand its purchases of 20-year and 30-year bonds pushed yields sharply lower, further boosting the appeal of riskier assets such as Bitcoin.
2026-08-21
Bitcoin Surges to 11-Week High
Bitcoin climbed about 11% since early this week toward $70,000 in mid-August, reaching its highest level since early June, as optimism over a more crypto-friendly US policy stance sparked a rebound that was amplified by a wave of short liquidations. President Donald Trump met with crypto executives at the White House and urged Congress to pass legislation expected to support the digital-asset sector, boosting sentiment across the crypto market. More than $1 billion in Bitcoin short positions were liquidated in about an hour, while total crypto short liquidations reached a record $2.7 billion, further accelerating the rally. Falling Treasury yields provided another tailwind after the US Treasury said it would at least double buyback operations for long-dated government bonds, improving the backdrop for risk assets. US spot Bitcoin ETFs recorded $517 million in net inflows, their highest since May.
2026-08-20
Bitcoin Continues to Consolidate
Bitcoin traded around $63,500 in mid-August, remaining in a tight range since early July and down roughly 50% from its record high reached last October. Uncertainty over the Federal Reserve’s interest-rate path and stalled negotiations on the US Clarity Act continued to keep buyers on the sidelines. The Senate has now pushed a procedural vote on the bill to September 15. Institutional demand also showed signs of fragility, with US-listed spot Bitcoin ETFs recording $389.7 million in net outflows in the week of August 10. This reversed $853.5 million of inflows the previous week and marked the funds’ largest weekly outflow since late June. The selling came after ETF demand strengthened in early August, partly following the Coldcard wallet hack, which briefly renewed interest in gaining Bitcoin exposure through traditional investment products.
2026-08-17