Bitcoin Broke Above $75,000, and Ethereum — $2,300

• On August 19, the crypto market entered an uptrend.
• Bitcoin and Ethereum broke through multi-month highs.
• Expert rhetoric and investor expectations are gradually taking on a more positive tone.

The crypto market continues to trend upward. Against this backdrop, bitcoin broke above $75,000, while Ethereum cleared $2,300. Weekly gains stand at 18.8% and 25.5%, respectively. 

As of writing, bitcoin is trading above $75,400. The last time it traded at this level was in late May 2026. 

Ethereum’s price, in turn, reached $2,366. This level was last seen back in early May 2026. 

Other top-10 crypto assets by market cap also posted gains. At the same time, bitcoin is showing strong returns on both the daily and weekly charts, even compared with smaller altcoins. 

As the uptrend that emerged on the market on August 19, 2026, continued, the sector faced another wave of short-position liquidations. Over the past 24 hours, losses totaled $1.26 billion.

The Fear and Greed Index has risen by another 13 points over the past 24 hours. It is deep in the “green” zone. 

The rally in high-risk assets in general, and cryptocurrencies in particular, is primarily supported by the U.S. Treasury’s decision to double the volume of long-term bond buybacks, which pushed yields on those securities lower. 

Another factor is a shift in the regulatory process. U.S. President Donald Trump held a meeting with crypto industry representatives, where he urged approval of a framework bill (the CLARITY Act). 

Bitcoin analyst James Check commented on the situation, noting that market sentiment has completely shifted. He views the current rally as a bear capitulation and a potential end to this phase.

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