21/08/2026
Bitcoin rises back above 75,000 $. That’s the highest level since early June.
Within a single day, the price gained more than 11 %.
Bitcoin still remains well below its all-time high of around 126,000 $ from October 2025.
One main reason was a decision by the US Treasury. It’s set to buy back more government bonds going forward, which weakens the dollar. As a result, investors tend to put their money into riskier assets like Bitcoin instead.
Adding to this, Donald Trump met with executives from major crypto companies at the White House. He signaled stronger support for the industry. That further supported the price.
Many traders had bet on falling prices and were forced to close their positions. In Bitcoin alone, that meant short positions worth more than 1.7B $ being liquidated.
Whether the rally continues remains uncertain. Analysts warn that without sustained inflows into Bitcoin ETFs, the rapid move could also flatten out again.
How do you see Bitcoin’s future?
Sources:
(1) Short squeeze sends Bitcoin to $72,000 and erases $1.6 billion, yahoo!finance, Augist 2026
(2) Bitcoin surges above $75k as Trump spurs U.S. regulatory hopes, Investing.com, August 2026
Investing involves risks. Past performance is not a reliable indicator of future results. Transactions in crypto assets carry significant risks. The performance can be highly volatile and past performance is no reliable indicator for future performance. A total loss of the invested money is possible.