The crypto market continues its upward trend. Against this backdrop, Bitcoin has broken through the $75,000 level, and Ethereum has surpassed $2,300. The weekly gains for these cryptocurrencies are 18.8% and 25.5%, respectively.
At the time of writing, Bitcoin is trading above $75,400. The last time a similar price was observed was in late May 2026.
The price of Ethereum, in turn, has reached $2,366. This price was last seen in early May 2026.
Other crypto assets in the top 10 by market capitalization also showed positive momentum. At the same time, Bitcoin is demonstrating strong performance on daily and weekly charts, even compared to smaller altcoins.
As the uptrend that began on August 19, 2026, continued, the sector faced another wave of short liquidations. Losses over the past 24 hours totaled $1.26 billion.
The Fear and Greed Index has risen another 13 points over the past 24 hours. It is deep in the “green” zone.
The rise in high-risk assets in general, and cryptocurrencies in particular, is primarily driven by the U.S. Treasury’s decision to double the volume of long-term bond buybacks, which has led to a drop in the yields on these securities.
Another factor is a shift in the regulatory framework. U.S. President Donald Trump held a meeting with representatives of the crypto industry, during which he called for the approval of the CLARITY Act.
Bitcoin analyst James Chek commented on the situation, noting that market sentiment has completely shifted. He views the current rally as a capitulation by the bears and a potential end to this phase.
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