Ethereum's price jumped 29% in one week, reaching $2,472 on August 24, 2026, driven by three key catalysts: the US Treasury doubling government debt buybacks, the SEC proposing a crypto capital-raising framework, and political progress on the Clarity Act. This surge wiped out $2.77 billion in short positions, fueling a sharp price spike. Institutional inflows, including $71 million into Ether ETFs, and Ethereum Foundation's testnet launch add to bullish fundamentals. However, the price is overbought and faces resistance at $2,546 and $2,750, with $3,000 a longer-term target if positive momentum and regulatory support continue. A monthly close above $2,400 will confirm the breakout; below $2,200 risks a pullback.
Abraxas Capital has taken a large $783 million short position on Hyperliquid, a decentralized futures exchange, even as Bitcoin surged 23% in one week to about $77,500, its strongest rally since March 2023. The firm also hedged this position by withd...
Cryptocurrency prices are fluctuating with Bitcoin trading around $77,566, up by 0.98%. Ethereum and Binance Coin also saw modest gains, while some altcoins like Morpho and MNT experienced significant increases of over 10%. This mixed performance ref...
US-listed crypto ETFs excluding Bitcoin and Ethereum attracted nearly $90 million last week, driven by strong inflows into XRP and Solana funds. XRP funds led with $39.78 million, marking their best week since May and extending a six-week streak of g...
Ethereum's price rose 29.3% over seven days, surpassing Bitcoin's 21.4% gain, driven by increased institutional interest and ETF inflows. Fundstrat's Tom Lee predicts Ethereum could reach $10,000 within two years, citing its growing role in tokenizat...
Bitcoin jumped from around $64,330 to $74,440 last week, marking a 23.23% weekly gain after months of decline and stagnation. This surge, predicted by analysts in early August, signals a potential new bull market similar to past recoveries in 2019 an...
