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Currencies38693
Market Cap$ 2.72T+6.25%
24h Spot Volume$ 69.19B+28.6%
DominanceBTC57.10%+0.51%ETH10.85%-0.50%
ETH Gas0.24 Gwei
Market
Aug 21, 2026
< 1min read
byArslan Tabish
forCoinEdition
<img src="https://xpertsstudio.com/wp-content/uploads/2026/08/Crypto-Market-Pulse-<a href="https://xpertsstudio.com/bitcoin-seeks-support-near-77k-as-btc-gold-near-100/” title=”Bitcoin seeks support near $77K as BTC, gold near 100″>Bitcoin-ATH-Volume-Down-50-India-Tax-Reform-Pressure-Mounts.jpg” alt=”Bitcoin’s Fast Climb Above $75,500: Start of a New Bull Phase or Just a Squeeze?” loading=”lazy”>
Bitcoin surged above $75,500 after the U.S. Treasury on August 19 said it would at least double long-term bond buybacks and renewed ETF inflows helped fuel the move, with more than $3 billion in crypto shorts liquidated as BTC climbed past $75,000. Analysts caution BTC must hold $70,000 and absorb profit-taking to confirm a broader breakout, signaling short-term risk despite bullish signs from ETF demand, liquidity and adoption.
See what traders are focused on
- Bitcoin breaks above $75,500 as Treasury buybacks and ETF inflows fuel today’s rally.
- More than $3 billion in crypto shorts were liquidated as Bitcoin climbed past $75,000.
- Bitcoin must hold $70,000 and absorb profit-taking to confirm a broader price breakout.
Bitcoin has broken above $75,500 after a sharp rally lifted it to its highest level in more than three months. The advance followed larger U.S. Treasury buybacks and renewed inflows into Bitcoin ETFs. Heavy short liquidations added further momentum to the move.
Bitcoin’s advance began on August 19, when the U.S. Treasury announced plans to at least double its long-term bond buybacks. BTC then moved above $70,000 on August 20 before climbing through $72,000 and later reaching above $75,500.
What Are Analysts Saying About Bitcoin’s Rally?
The sharp Bitcoin rally has divided market analysts over whe…
Source: cryptorank.io