This website uses cookies
We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you’ve provided to them or that they’ve collected from your use of their services.
Consent Selection
Details
  • Necessary cookies help make a website usable by enabling basic functions like page navigation and access to secure areas of the website. The website cannot function properly without these cookies.
  • Preference cookies enable a website to remember information that changes the way the website behaves or looks, like your preferred language or the region that you are in.

    • We do not use cookies of this type.

  • Statistic cookies help website owners to understand how visitors interact with websites by collecting and reporting information anonymously.

    • We do not use cookies of this type.

  • Marketing cookies are used to track visitors across websites. The intention is to display ads that are relevant and engaging for the individual user and thereby more valuable for publishers and third party advertisers.

    • We do not use cookies of this type.

  • Unclassified cookies are cookies that we are in the process of classifying, together with the providers of individual cookies.
    • __emg_sidPending
      Maximum Storage Duration: 1 dayType: HTTP Cookie
      __emg_vidPending
      Maximum Storage Duration: 1 yearType: HTTP Cookie
      nl-read-countPending
      Maximum Storage Duration: PersistentType: HTML Local Storage
Cookie declaration last updated on 8/12/26 by Cookiebot
[#IABV2_TITLE#]
[#IABV2_BODY_INTRO#]
[#IABV2_BODY_LEGITIMATE_INTEREST_INTRO#]
[#IABV2_BODY_PREFERENCE_INTRO#]
[#IABV2_BODY_PURPOSES_INTRO#]
[#IABV2_BODY_PURPOSES#]
[#IABV2_BODY_FEATURES_INTRO#]
[#IABV2_BODY_FEATURES#]
[#IABV2_BODY_PARTNERS_INTRO#]
[#IABV2_BODY_PARTNERS#]
About
Cookies are small text files that can be used by websites to make a user's experience more efficient.

The law states that we can store cookies on your device if they are strictly necessary for the operation of this site. For all other types of cookies we need your permission.

This site uses different types of cookies. Some cookies are placed by third party services that appear on our pages.

You can at any time change or withdraw your consent from the Cookie Declaration on our website.

Learn more about who we are, how you can contact us and how we process personal data in our Privacy Policy.

Please state your consent ID and date when you contact us regarding your consent.
NewsLayer.com
NewsLayer PulseLIVEBTC$78,593+1.78%ETH$2,494+2.79%SOL$95.86+1.35%XRP$1.5+0.59%DOGE$0.0927+0.32%ADA$0.2236-0.51%Total Cap$2.77T+1.60%Layer Index66 Greed
BreakingTCG Defines Requirements for PQC-Ready Trusted Platform Modules

CryptoMarkets

The Bitcoin, Ethereum, XRP Record Week Was Just 'The Beginning,' Prominent Analyst Says

Last week’s crypto rally may be just the opening shot, according to Milk Road analyst John Gillen, who argues Ethereum (CRYPTO: ETH) is the key asset for everything that follows.

Benzinga

Publisher

Aug 24, 2026 at 12:07 PM UTC · 2 分钟阅读

The Bitcoin, Ethereum, XRP Record Week Was Just 'The Beginning,' Prominent Analyst Says
Image via Benzinga

Entities

bitcoin, ethereum, xrp

Market Impact

Total MCap+1.60%

Last Updated

4 分钟前

翻译中…

Last week’s crypto rally may be just the opening shot, according to Milk Road analyst John Gillen, who argues Ethereum (CRYPTO: ETH) is the key asset for everything that follows.

Why This Rally Is Not Just a Short Squeeze

Gillen wrote in a Sunday essay that two events hit crypto order books at the same time: Treasury Secretary Scott Bessent’s bond buyback announcement weakened the dollar and Donald Trump publicly named Hyperliquid at the White House, lighting the fuse for the move.

Last week Bitcoin (CRYPTO: BTC) surged roughly 24% while Ethereum (CRYPTO: ETH) jumped 32%, with $4 billion in shorts liquidated along the way in the largest crypto short squeeze in history.

He argued the smart money had already positioned before the move. Paul Tudor Jones raised his IBIT stake by 18.9%. VanEck’s Matthew Sigel was actively accumulating.

Trending

Get a 1% Match on Your First Deposit of $1,000+

Meanwhile, Citigroup (NYSE:C) announced Bitcoin custody before year-end. Moreover Jim Cramer also sold his Bitcoin in early August, which Gillen called one of the clearest counter-indicators available.

Why Ethereum Is the Real Trade

Gillen argued that Ethereum is the settlement layer for everything that comes next. ETF inflows hit $1.92 billion for the week, the largest since the October 2025 crash. 

Market Context

Ethereum

ETH

$2,494

+2.77% (24H)

Market Cap

$300.1B

24H Volume

$14.0B

24H High

$2,509

View Ethereum Market Page

Article Intelligence

Key Entities

bitcoinethereumxrp

Related Coverage

CryptoCrypto News: Bitcoin Rally, Ethereum Upgrade, TON and TikTok Payments1 小时前 · 12 min readCryptoBitcoin to $120K? ‘Year’s Most Volatile Macro Event’ In 4 Days May Spark Rally, Says Analyst1 小时前 · 1 min readCrypto'AI Isn’t Bullish for Bitcoin,' Peter Schiff Warns — It Could Be Its Biggest Threat29 分钟前 · 1 min read
View all related

Sponsored

Ad
House — Advertise on NewsLayer
NewsLayerLearn more

NewsLayer Premium

Unlock deeper intelligence.

Ad-free reading, exclusive research, and real-time onchain insights.

Go Premium