Bitcoin holds near $74,982, up 7.98% through today's session.
Ethereum trades above $2,350, gaining 4.62% over the past day.
XRP leads the top 10 gainers, up 19.49% over 24 hours.
Bitcoin extended its multi-week rally today, building on gains from earlier this week, breaking further above its recent range. The move followed Treasury Secretary Scott Bessent's comment that debt buybacks could exceed $4 billion per operation. Lower long-term yields kept lifting risk appetite across digital assets through the session.
Altcoins outpaced Bitcoin as traders rotated fresh capital into the broader market. XRP led gains, while Solana, BNB and Dogecoin also posted strong advances. Attention now shifts to the September Senate vote on the CLARITY Act.
Bitcoin traded at $74,981.98, up 7.98% over the past 24 hours on live CoinMarketCap data. Its market capitalization stood at $1.5 trillion. Trading volume over 24 hours reached $60.27 billion. Bitcoin gained 18.42% over the past seven days, extending its sharp recovery.
Here is today's Daily Quote from leading crypto market analysts on Bitcoin's near-term structure.
Prateek Gupta, Head of Business at Mudrex, said Bitcoin climbed past $75,000, marking a 12-week high. The move produced Bitcoin's first close above the 200-day moving average since November.
Treasury buyback plans kept lifting liquidity even as long-term yields briefly firmed. Spot Bitcoin ETFs logged $517 million in daily inflows, their strongest since May, with $80,000 the next level in focus.
CoinSwitch's markets desk said BTC surged past $75,000 on a squeeze that liquidated close to $3.4 billion in leveraged shorts. Reports of possible US government BTC purchases added a fresh bullish catalyst.
Bitcoin also reclaimed its 200-week moving average, strengthening the broader technical setup. The desk noted that sustaining momentum depends on continued spot inflows rather than short-covering alone.
Vikram Subburaj, CEO of Giottus, placed Bitcoin near $74,700, up close to 7.4% on the day. US spot Bitcoin ETFs attracted about $1.11 billion between August 17 and 20 this week.
Risk appetite spread firmly into altcoins, with XRP up sharply and BNB gaining as well. Subburaj advised staggered entries ahead of the August 26 PCE print and September Fed meeting.
Riya Sehgal, Research Analyst at Delta Exchange, said Bitcoin pushed toward $75,000 while Ethereum approached $2,400. The rally has moved beyond the initial squeeze, with institutional flows now driving sentiment.
Momentum indicators on the four-hour chart look deeply overbought for both assets. Sehgal flagged rising implied volatility near 40, pointing to bigger swings and possible consolidation ahead.
Also Read: Bitcoin Realized Cap vs Market Cap: Which One Better Measures BTC’s Value?
Nischal Shetty, Founder of WazirX, linked improving US jobs data to steadier risk appetite today. He placed Bitcoin support near $74,000 to $74,500, with resistance forming at $75,500 to $76,000.
Shetty noted RSI near 83 signals stretched momentum despite the bullish structure. Ethereum found support near $2,320 to $2,340, with $2,380 to $2,400 as the first resistance zone.
| Rank | Name | Price | 24h % | 7d % | Market Cap | Volume (24h) |
|---|---|---|---|---|---|---|
| 1 | Bitcoin (BTC) | $74,981.98 | €0.08 | 0.1842 | $1.5T | $60.27B |
| 2 | Ethereum (ETH) | $2,352.91 | €0.05 | 0.2495 | $283.95B | $27.8B |
| 3 | Tether (USDT) | $0.9996 | 0.0004 | 0.0006 | $183.03B | $114.2B |
| 4 | BNB (BNB) | $660.35 | €0.06 | 0.081 | $87.93B | $2.34B |
| 5 | XRP (XRP) | $1.31 | 0.1949 | 0.3025 | $82.32B | $7.97B |
| 6 | USDC (USDC) | $0.9999 | 0.0002 | 0.0001 | $72.86B | $20.64B |
| 7 | Solana (SOL) | $89.39 | 0.0543 | 0.1798 | $52.12B | $5.04B |
| 8 | TRON (TRX) | $0.3376 | 0.0163 | 0.0113 | $32.05B | $708.3M |
| 9 | Hyperliquid (HYPE) | $72.58 | 0.0262 | 0.2783 | $18.31B | $1.26B |
| 10 | Dogecoin (DOGE) | $0.08226 | 0.10 | 0.1772 | $12.79B | $1.63B |
Biggest Gainers: XRP, DOGE, BNB
XRP led today's top 10 gainers, up 19.49% over the past 24 hours. Dogecoin followed with a 10.06% advance on strong retail demand. BNB also posted a firm 5.57% rise through the session.
Biggest Losers: None
Every coin in today's top 10 traded higher over the past 24 hours. Stablecoins USDT and USDC held their pegs near parity. No major decliners appeared among today's largest cryptocurrencies.
Bessent's fresh buyback comments and continued ETF demand stand as today's biggest catalysts. Regulatory clarity and altcoin momentum add further weight to sentiment this week.
Treasury Secretary Scott Bessent told CNBC that debt buybacks could grow beyond the $4 billion floor. He said the plan aims to show yields do not reflect underlying fundamentals right now.
The remarks extended Bitcoin's advance past $74,000 in today's session. Strategist Mark Connors called the shift a turning point, citing a longer-term target near $180,000 if liquidity keeps improving.
The SEC's proposed "Regulation Crypto Assets" rulebook continues drawing industry comment this week. The plan lets startups raise up to $5 million or $75 million under lighter disclosure rules.
Chairman Paul Atkins called the package a step toward clearer, fit-for-purpose crypto rules. The 60-day comment window keeps adding fresh regulatory momentum to the broader market rally.
Hyperliquid's HYPE token remains elevated after President Trump said the CFTC is working to bring the exchange onshore. The comments came during a closed-door White House meeting this week.
Traders continue reading the remarks as growing regulatory acceptance for decentralized derivatives platforms. HYPE has outpaced Bitcoin over the past week, extending gains from Wednesday's broader surge.
US spot Bitcoin ETFs attracted $517 million in net inflows this week, the largest single-day total since May. BlackRock's IBIT led the pack, drawing $284.7 million on that day.
Analysts said the inflow trend confirms the rally extends beyond leveraged positioning alone. Ethereum ETFs added further inflows, pointing to renewed institutional appetite for regulated crypto exposure.
Crypto liquidations topped $3 billion combined this week, among the largest totals since February. Short positions accounted for the bulk of the wipeout, marking a sharp squeeze across major exchanges.
CoinGlass data showed over 171,000 traders liquidated within a single session. Forced buying from the squeeze accelerated Bitcoin and Ethereum's advance well beyond spot demand alone.
The Senate scheduled a procedural vote on the Digital Asset Market Clarity Act for September 15. President Trump urged lawmakers directly at this week's White House crypto summit to advance the bill.
Executives from Coinbase, Ripple, Robinhood and Kraken attended the summit alongside federal regulators. Traders view clearer market-structure rules as a key catalyst for sustained institutional participation ahead.
Also Read: Crypto News Today: Bitcoin Inflows, Crypto Liquidation, XRP Climbs 10%
Bitcoin holds near $74,982 as traders weigh Treasury liquidity support against stretched short-term momentum. A close above $76,000 could open a path toward Mark Connors' longer-term target near $180,000. A pullback below $72,000 risks retesting the $70,000 support zone next.
Ethereum's hold above $2,350 adds a constructive signal for broader altcoin sentiment this week. The SEC's new framework, continued ETF inflows and the CLARITY Act vote remain key catalysts to track. Traders should watch the August 26 PCE inflation data and the September 15 Senate vote closely.
What is the Bitcoin price today?
Bitcoin trades near $74,981.98, up 7.98% over the past 24 hours through today's session. Resistance builds near $76,000, while support sits near $72,000 to $74,000, based on levels shared across major trading desks today.
Why did Bitcoin rise today?
Bessent's comments on larger Treasury buybacks kept long-term yields lower through the session. Continued ETF inflows and a fading short squeeze combined to push Bitcoin firmly past the $74,000 level today.
What is the biggest crypto news today?
Bessent's comments on expanding Treasury buybacks, the SEC's Regulation Crypto Assets proposal and the Senate's scheduled September 15 vote on the CLARITY Act stand as today's dominant headlines shaping sentiment.
Which coins are performing best today?
XRP leads today's top 10 gainers near 19.49%, followed by Dogecoin and BNB. No coin among the top 10 posted a decline today, with stablecoins USDT and USDC holding steady near parity.
What should investors watch this week?
Track the SEC's ongoing comment window on its new crypto framework, continued ETF flow strength, and the August 26 PCE inflation data. The September 15 Senate vote on the CLARITY Act could also shape near-term positioning.
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