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Bitcoin price jumps 22% to nearly $79K with strong spot demand and low leverage

Market News
24 Aug 2026
Blockonomi
View Source
Bullish
pluang ai news

Bitcoin's price surged about 22% from the mid-$63,000s to nearly $79,000 before consolidating, driven by strong spot demand and a major short squeeze. Despite the price rally, coin-denominated open interest fell 11%, indicating leverage did not increase, which suggests a healthier market structure supported by fresh capital inflows. Nearly $1 billion flowed into U.S. spot Bitcoin ETFs over three days, adding institutional demand. The key test ahead is whether Bitcoin can sustain levels near $80,000, as this would confirm market strength; otherwise, a pullback remains possible.

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SU Group's Macao unit gains exclusive rights to sell award-winning Inspec Spider inspection robot, boosting tech portfolio.

SU Group's Macao unit gains exclusive rights to sell award-winning Inspec Spider inspection robot, boosting tech portfolio.

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Primary Hydrogen stakes 65 sq km Seagull North project in Ontario targeting natural hydrogen exploration.

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Robo.ai swings to $95.8M equity from $116.1M deficit after key acquisitions and business reset.

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Claims link XRP to FedNow via Volante spark excitement but lack official confirmation.

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Dogecoin nears bullish breakout as Robinhood adds EU trading access

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Dogecoin (DOGE) is trading at $0.09272 with a 2.74% gain and a $15.8 billion market cap, showing signs of a potential bullish reversal through a weekly double-bottom chart pattern. Traders watch the key $0.40 neckline level, which if broken, could si...

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