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Currencies38673 Market Cap$ 2.68T+5.02% 24h Spot Volume$ 68.79B+27.8% DominanceBTC57.51%+1.67%ETH10.67%-2.02% ETH Gas0.39 Gwei MarketEditor’s PickCryptocurrency Market NewsBitcoin (BTC) NewsRipple (XRP) News Aug 21, 2026 3min read byLuis Blanco forBeInCrypto

Bitcoin and XRP are surging toward their strongest weekly closes since 2024, powered by a historic short squeeze and a wave of supportive policy signals from Washington.

Bitcoin has risen 25% over the week and is trading near $78,500. The increase was supported by ETF inflows and short-position liquidations.

Bitcoin (BTC) extends gains, trading above $77,000 on Friday after rallying over 20% and reaching its highest level since mid-May. Crypto markets continue to cheer the US Treasury’s decision to double its debt buyback operations, posting their 7th-largest liquidation event in history.  Rising demand from institutional investors supported the rally as well, with spot Exchange…