Crypto Market Update: Bitcoin Nears $80K as ETH and XRP Ride the Rally

- Bitcoin briefly touched near $80,000 for the first time since May, now trading around $78,700, up 2.2% - Last week's 24% Bitcoin surge was triggered by a Treasury buyback announcement that squeezed over $3B in shorts - Ethereum trades near $2,470, its highest level since early 2026, with a bullish "golden cross" technical signal forming - BitMine Immersion Technologies now holds ~5.85 million ETH, nearing its goal of 5% of total ETH supply - XRP surged ~70% in under three days to a 7-month high near $1.70 before pulling back on record ETF inflows - Solana and other altcoins broadly participated in the rally, though a weekend consolidation triggered ~$400M in liquidations - Rally is largely macro-driven: softer inflation, weaker payrolls, and a weaker dollar ahead of the Fed's Jackson Hole summit - Crypto Fear & Greed Index sits in "Greed" territory as markets await Fed Chair Kevin Warsh's address - Full breakdown of the rally drivers, key levels to watch, and risks heading into this week #Bitcoin #Ethereum #XRP #Crypto #CryptoMarket #BTC #ETH #CryptoNews #StockMarket #Investing #Solana #DigitalAssets #CryptoETF #JacksonHole #FederalReserve #CryptoTrading #Blockchain #AltcoinSeason #CryptoRally #StocksToWatch #MarketAnalysis #FinanceNews #CryptoInvesting #StockMarketToday

Added 25 Aug 2026