Bitcoin is up 23% over the past week, fueled by strong ETF inflows after the Treasury announced plans to at least double its long-dated bond buybacks.
Bitcoin Posts Best Week Since 2023 as Ethereum, XRP, Dogecoin Rally Over 25% on Treasury Buybacks
Bitcoin is up 23% over the past week, fueled by strong ETF inflows after the Treasury announced plans to at least double its long-dated bond buybacks.
Benzinga
Publisher
Aug 21, 2026 at 6:42 PM UTC · 1 분 소요
Key Signal
23% Bitcoin weekly gain
Entities
bitcoin, ethereum, xrp, dogecoin
Last Updated
2일 전
Notable Statistics:
- Coinglass data shows 170,793 traders were liquidated in the past 24 hours for $1.37 billion.
- SoSoValue data shows net inflows of $606.3 million from spot Bitcoin ETFs on Thursday. Spot Ethereum ETFs saw net inflows of $220.8 million.
- In the past 24 hours, top gainers include Ethena, Bitcoin Cash and Pepe.
Notable Developments:
Trader Notes:
Michael van de Poppe compared Bitcoin to the 2022 breakout, with a strong weekly candle following consolidation and a sweep of the lows.
He expects a push toward $83,000 and the 50-week moving average, though resistance there could trigger a correction and profit-taking.
Trader KillaXBT said Bitcoin may have already bottomed, arguing the recent decline could have been the capitulation candle.
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With Q4 sellers potentially front run after an early October peak, he expects Q4 buyers could also enter early, supporting a green next six-month candle.
Bitcoin moved from $64,312.9 to $77,195.8 over the last 30-day period, a gain of 20.0 percent.
Source: Kraken · NewsLayer Markets · Updated 몇 초 전
Tony Edward highlighted Bitcoin is overbought with daily RSI above 70, raising the risk of a near-term pullback.
However, establishing support and securing a weekly close above the 200-day moving average could mark a major bullish shift and put bears under pressure.
Image: Shutterstock
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Follow the Story
- Aug 21Bitcoin Posts Best Week Since 2023 as Ethereum, XRP, Dogecoin Rally Over 25% on Treasury Buybacks
- Aug 23Strategy (NASDAQ: MSTR) Turns Bitcoin Position Profitable As BTC Surges Past $77,000
- Aug 23Ethereum’s ‘Netflix Moment’ Could Send ETH To $10K By 2029 As Bitcoin Eyes $81K
- Aug 23Bitcoin's key breakthrough is converting economic energy into digital value, says Michael Saylor.
- Aug 21Bitcoin Posts Best Week Since 2023 as Ethereum, XRP, Dogecoin Rally Over 25% on Treasury Buybacks
- Aug 23Strategy (NASDAQ: MSTR) Turns Bitcoin Position Profitable As BTC Surges Past $77,000
- Aug 23Ethereum’s ‘Netflix Moment’ Could Send ETH To $10K By 2029 As Bitcoin Eyes $81K
- Aug 23Bitcoin's key breakthrough is converting economic energy into digital value, says Michael Saylor.
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Originally reported by Benzinga
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Market Context
Bitcoin
BTC
$77,196
-0.09% (24H)
Market Cap
$1.55T
24H Volume
$24.3B
24H High
$77,787
Article Intelligence
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