Bitcoin’s rally squeezed short sellers last the week. By Sunday, the reversal was hitting leveraged longs. Bitcoin liquidations hit leveraged longs At about 07:00 UTC on Aug. 23, CoinGlass showed $101.39 million of crypto long positions liquidated over four hours, almost 86% of the window’s $118.13 million total. The 24-hour view put long liquidations at
The Treasury just doubled its bond buyback program while national debt crossed $40 trillion. Bitcoin responded with its best week since March 2024, gaining 27% as institutional money poured into spot ETFs at a record pace. On the morning of Aug. 19, 2026, the U.S. Treasury Department announced it would at least double the size
As of August 24, 2026, the bitcoin price today sits near $77,720, just beneath the psychological $80,000 level. A macro-driven short squeeze pushed $BTC well above its key moving averages, leaving traders to assess whether the rally can sustain itself at these stretched levels. $BTC/USDT — daily chart with candlesticks, EMA20/EMA50 and volume. Key takeaways
A significant divergence is forming, one that you should keep an eye on. After a powerful almost 25% weekly increase, Bitcoin’s price peaked at the level of almost $79k, pushing short-term holders (STHs) deeper into profit. Against this backdrop, $BTC’s 1% intraday pullback could point to a supply zone forming near $80k, as some STHs
In a recent social media post, Real Vision crypto market analyst Jamie Coutts defended Bloomberg Intelligence Senior Commodity Analyst Mike McGlone, who has faced criticism for his persistently bearish outlook on Bitcoin. Coutts argued that opposing views are essential for a healthy market, and that McGlone’s early support for Bitcoin and his foresight on stablecoins
Indian markets opened slightly higher on Monday, with Nifty and Sensex posting marginal gains. The rupee also rose by 7 paise to 95.64 against the US dollar. This positive sentiment comes despite growing concerns over the possible impact of the new US sanctions on Iran. However, India’s Bitcoin investors could feel the pressure to a
Bitcoin was trading around $77,000, holding last week’s explosive gains but below $80,000. The cryptocurrency surged more than 20% last week and reached roughly $79,500 on Friday, its highest level in about three months. The rally reflected Treasury bond buybacks, a weaker dollar, ETF demand, regulatory optimism and a historic short squeeze. But the market
Bitcoin entered Monday, Aug. 24, near $77,364 after one of its strongest weeks since 2024. The cryptocurrency gained 22.1% over seven days and briefly approached $80,000 before its momentum slowed, according to current Bitcoin market data. The rally lifted Bitcoin from approximately $64,000 within several sessions. Traders must now navigate three U.S. events that could
Bitcoin has risen by approximately 23% in the last week and is trading above $77,000. At this point, Bitcoin climbed above the 200-day moving average for the first time since November 2025, and recorded its biggest weekly gain since March 2023. Altcoins also experienced simultaneous increases. Ethereum rose by 30%, Solana by 25%, and XRP