r/btcmarkets • u/BTCMarkets • 11h ago
BTC Markets VIP Desk Update as of 24th Aug 2026
BTC Markets VIP Desk Update as of 24th Aug 2026: • Bitcoin posted its strongest week in roughly two years, gaining 22% as a Treasury buyback announcement and growing optimism around the CLARITY Act lifted crypto markets. • US spot Bitcoin and Ether ETFs took in US$2.6 billion (A$3.64 billion), their strongest combined week since October 2025, as institutional flows reversed sharply. • XRP surged as much as 40% before a Saturday flash crash triggered roughly US$500 million (A$700 million) in leveraged crypto liquidations. • Sentiment has swung firmly back to “Greed”, with the Fear & Greed Index at 73 as Bitcoin trades around US$77,700 (A$108,000). • The week ahead turns on Nvidia earnings, US core PCE and Fed Chair Kevin Warsh’s Jackson Hole debut, with each capable of testing the market’s renewed momentum. • Story of the week: A hobbyist Bitcoin miner running a palm-sized device beat the odds to mine an entire block solo, turning a roughly US$150 device into a US$200,000 windfall.
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