Bitcoin Roars Back Past Meta and Tesla in Market Cap. Bear Market Over?
The significance of this draft lies in what it reopens: a legal fundraising pathway that has been effectively shut for nearly a decade. Under the proposal, smaller projects could raise up to $5 million over four years, while larger ones…
Moomoo
Publisher
Aug 21, 2026 at 9:44 AM UTC · 4 분 소요
Entities
bitcoin
Market Impact
BTC+8.11%$77,747
Last Updated
한 시간 전
번역 중…
Over the past two trading sessions, $Bitcoin (BTC.CC)$ ripped from the $64,000 range to approximately $78,000 — an 18% gain in 48 hours.
Bitcoin has reclaimed its spot among the world's top 15 assets by market cap, now sitting above both $Meta Platforms (META.US)$ and $Tesla (TSLA.US)$.
$Ethereum (ETH.CC)$ rallied over 20% in the same window, breaking above $2,200. Total market-wide short liquidations hit approximately $29.75 billion — the highest single-day figure this year.
Long-dormant crypto-linked equities joined the party: $Strategy (MSTR.US)$, $Coinbase (COIN.US)$, and $Circle (CRCL.US)$ each surged nearly 20% in pre-market trading.
Late on August 19th during the Asian session, news of the SEC's proposed "Crypto Asset Regulatory Framework" began circulating. $BTC Health Ltd (BTC.AU)$ jumped over 5%, tagging $69,500, as $14.5 billion in positions were liquidated market-wide.
The significance of this draft lies in what it reopens: a legal fundraising pathway that has been effectively shut for nearly a decade. Under the proposal, smaller projects could raise up to $5 million over four years, while larger ones could raise up to $75 million annually — all without completing a full securities registration.
Market Context
Bitcoin
BTC
$77,763
+8.13% (24H)
Market Cap
$1.56T
24H Volume
$50.1B
24H High
$79,511
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