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Crypto

Bitcoin rallies past $73,000 after short squeeze and ETF inflows; analysts eye next catalysts

Bitcoin climbed above $72,000 to break past $73,000 on Aug. 20, rising about 15% since Aug. 16. The jump triggered more than $3 billion in crypto short liquidations, with Bitcoin short liquidations the largest since at least 2021, Decrypt reported. Markets cited U.S. Treasury long-term bond purchases, comments on possible Bitcoin buying by U.S. President Donald Trump, a short squeeze and $517 million in spot Bitcoin ETF inflows. Analysts differ on whether gains can hold.

Crypto

U.S. CFTC to draft its own rules if Clarity Act stalls, addressing crypto regulatory gap

The U.S. Commodity Futures Trading Commission said it will move to develop cryptocurrency market structure rules under its own authority if congressional legislation is delayed. Chair Michael S. Selig told staff to review rules within the agency’s current powers while maintaining that passage of the bipartisan Clarity Act remains the top priority. He said the CFTC could establish a regulatory framework covering exchanges, leverage and margin trading, and on-chain finance protocols.

Crypto

Bitcoin spot ETFs see $517.2 million net inflow in a day, weekly inflows top $1 billion

Bitcoin spot exchange-traded funds recorded a net inflow of $517.2 million on Aug. 20, the biggest daily intake since May 4. Cointelegraph said the move lifted cumulative net inflows for August to $1.47 billion. Weekly inflows into bitcoin spot ETFs reached about $1 billion, the strongest pace since mid-January. The inflows coincided with sharp gains in cryptocurrency prices, while policy and regulatory issues were seen shaping investor sentiment.