Bitcoin has inched close to $80k and cryptocurrencies are trading firmly in the green amidst a mixed global market scenario.
The euphoria in crypto markets triggered by the liquidity boost announced by the U.S. Treasury continues unabated early on Friday.
An emphatic rally engulfed crypto markets amidst a confluence of multiple positive catalysts that converged on an otherwise tepid market environment. Crypto markets cheered the liquidity boost announced by the U.S. Treasury Dept, the massive inflows to U.S.-listed Bitcoin Spot ETF products as well as a renewed crypto push by the White House that renewed hopes of a passage of the Clarity Act.
Bitcoin is holding on to overnight gains of close to a percent even as sentiment in crypto markets remains mixed amidst a surge in bond yields and a spike in crude oil prices globally.
Crypto market capitalization has increased mildly during the past 24 hours even as global markets worried about the geopolitical situation in the Middle East.
Aggregate market capitalization of cryptocurrencies declined around a percent in the past 24 hours as markets reacted to the whipsawing crude oil prices and the hardening in bond yields.
August 21, 2026 14:42 ET The minutes of the latest policy meeting of the Federal Reserve, housing market data and manufacturing sector survey results were the main news for the U.S. economy this week. In Europe, inflation data from the U.K. was the highlight, while consumer price data from Japan drew attention in Asia.