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Bitcoin rallies sharply, closing 3-month gap with S&P 500 and eyeing $90K by end of 2026

Market News
22 Aug 2026
AMBCrypto
View Source
Bullish
pluang ai news

Bitcoin has rapidly recovered its performance relative to the S&P 500, closing a three-month gap after a sharp rally from $62K to around $78K in just a few days. This surge was supported by strong Bitcoin ETF inflows, positive expectations around U.S. crypto legislation, and calming Treasury actions. Despite the rally pushing Bitcoin into overbought territory, analysts predict a nearly 50% chance that Bitcoin could finish 2026 above $90,000, with key resistance levels identified around $75,733 and $83,307-$84,569. However, investors should remain cautious as historical patterns suggest potential pullbacks after such rallies.

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Tesla captures 59% of U.S. EV market, its highest share since 2023

Tesla captures 59% of U.S. EV market, its highest share since 2023

Tesla has increased its control of the U.S. electric vehicle (EV) market to 59%, marking its highest market share since 2023. This growth highlights Tesla's strong position and continued dominance in the competitive EV industry. The increased market ...

Market News
Bullish
3 hours ago
Bitcoin and Ethereum ETFs see biggest weekly inflows since October 2025, totaling $2.6 billion.

Bitcoin and Ethereum ETFs see biggest weekly inflows since October 2025, totaling $2.6 billion.

Last week, US-listed Bitcoin and Ethereum exchange-traded funds (ETFs) recorded their largest weekly inflows since October 2025, attracting a combined $2.6 billion. Bitcoin ETFs led with $1.92 billion, while Ethereum ETFs added $697 million, reversin...

Market News
Bullish
4 hours ago
XRP jumps 10% in 24 hours, surging over 50% weekly amid structural ecosystem changes.

XRP jumps 10% in 24 hours, surging over 50% weekly amid structural ecosystem changes.

XRP surged 10% in the last 24 hours, pushing its weekly gains beyond 50%, driven by a broader crypto market rally after the U.S. Treasury doubled bond buybacks. Asset manager 21Shares highlighted four key structural changes in XRP's ecosystem, includ...

Market News
Bullish
4 hours ago
USDe yield comes from derivatives trading, not dollar reserves; BaFin ordered Ethena GmbH to wind down in 2025

USDe yield comes from derivatives trading, not dollar reserves; BaFin ordered Ethena GmbH to wind down in 2025

USDe is a synthetic dollar token whose yield derives from a delta-neutral derivatives trading position, not from interest on dollar reserves. The German regulator BaFin ordered Ethena GmbH, the issuer, to wind down its authorisation-requiring busines...

Market News
Neutral
4 hours ago
BlackRock's BALI ETF matches JEPI's fees but outperforms with higher yield and returns in 2026.

BlackRock's BALI ETF matches JEPI's fees but outperforms with higher yield and returns in 2026.

JPMorgan's JEPI ETF, known for monthly income via covered calls on large caps, faces competition from BlackRock's BALI ETF. Both charge 0.35% and pay monthly, but BALI offers a higher trailing yield of 7.56% versus JEPI's similar payout and has outpe...

Market News
Bullish
5 hours ago
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