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Bitcoin tops $75,000 for first time since May amid crypto rally after White House event.

Market News
21 Aug 2026
Forbes
View Source
Bullish
pluang ai news

Bitcoin surged past $75,000 for the first time since May, driven by a crypto market rally following a White House event where President Trump urged Congress to pass the CLARITY Act, a crypto-friendly legislation. Ether and other major cryptocurrencies also saw significant gains. The rally caused over $1.25 billion in crypto short positions to be liquidated, highlighting strong market momentum. This surge reflects growing political support and could influence future regulatory clarity for digital assets.

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Phishing via expired Tornado Cash domain drains 1,010 ETH from user.

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Bitcoin miners invest $5.1B in AI infrastructure but earn just $341M, showing a 15:1 spending-to-return gap

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Leading Bitcoin mining firms invested $5.1 billion in AI and high-performance computing (HPC) infrastructure in the first half of 2026 but generated only $341 million in related revenue, highlighting a significant 15:1 investment-to-return disparity....

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