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The Crypto Crib · Aug 23, 2026

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Crypto Crib · The Crypto Crib

What a week.

Bitcoin surged almost 24%, Ethereum delivered its strongest week since 2021 and billions of dollars in shorts were wiped out as the entire crypto market snapped higher.

Let’s break it down.

Bitcoin surged as high as $79,400, briefly coming within touching distance of $80,000.

The rally was fuelled by:

  • The US Treasury expanding bond buybacks

  • A weaker dollar

  • Strong spot ETF demand

  • Billions in short liquidations

  • Renewed optimism around the CLARITY Act

US spot Bitcoin ETFs recorded approximately $1.92 billion in weekly inflows—their strongest week since October 2025.

This was not just a leverage-driven pump. Real institutional capital entered the market.

Bitcoin now needs to hold the $75,000–$77,000 region to confirm the breakout.

Ethereum gained roughly 26% across the week, trading near $2,400 and recording its strongest weekly performance in more than five years.

The move quickly spread across the broader market, with XRP, SOL and other major altcoins posting sharp gains.

This is exactly what bulls wanted to see:

Bitcoin leads → Ethereum follows → capital rotates into altcoins.

We are not in a confirmed altseason yet, but the market is beginning to broaden.

If Bitcoin holds its breakout while ETH continues strengthening against BTC, altcoins could have considerably more room to run.

US spot Bitcoin ETFs recorded their strongest weekly inflows since October 2025.

This is important because ETF demand suggests Bitcoin’s rally was backed by genuine spot buying—not only liquidated short positions.

Elon Musk’s X is reportedly exploring stablecoins such as USDC for creator payouts.

If implemented, the move could introduce crypto payments to millions of users without requiring them to interact with traditional crypto platforms.

Coldcard released emergency security changes after weak seed-generation randomness in older firmware was linked to approximately $130 million in stolen Bitcoin.

New seed generation now requires users to contribute randomness through key presses, dice rolls or coin flips.

  • Bitcoin holding above $75,000

  • Continued Bitcoin and Ethereum ETF inflows

  • ETH gaining strength against BTC

  • Altcoin participation broadening

  • Leverage and funding rates rebuilding

  • Progress on the CLARITY Act

This week changed the market’s tone.

Bitcoin reclaimed key levels, Ethereum confirmed the move and altcoins finally joined the rally.

The next test is whether buyers can defend the breakout once the short-squeeze fuel disappears.

Block out the noise. Watch the flows. Let price confirm the story.

Stay sharp,

Crypto Crib 🏠

This newsletter is for informational purposes only and does not constitute financial advice.

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