--- title: "Bitcoin, Ethereum, Dogecoin Rise, XRP Flat as Trump Prepares to Host White House Crypto Summit: Analyst Says BTC 'High-Momentum Uptrend' Unlikely Until This Happens" type: "News" locale: "en" url: "https://longbridge.com/en/news/296171545.md" description: "Leading cryptocurrencies rose on August 17, with Bitcoin up 1.83% to $64,285 and Ethereum gaining 0.62%, despite stalled U.S.-Iran talks. President Trump is expected to host a White House crypto summit. While overall sentiment remains bullish, CryptoQuant analysts note that Bitcoin's high-momentum uptrend is unlikely until the Coinbase Premium Index returns to positive territory, having been negative for over three months." datetime: "2026-08-18T02:08:24.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296171545.md) - [en](https://longbridge.com/en/news/296171545.md) - [zh-HK](https://longbridge.com/zh-HK/news/296171545.md) generator: "portal-rs" --- # Bitcoin, Ethereum, Dogecoin Rise, XRP Flat as Trump Prepares to Host White House Crypto Summit: Analyst Says BTC 'High-Momentum Uptrend' Unlikely Until This Happens Leading cryptocurrencies rose on Monday as investors weighed developments related to Iran and the possibility of a White House meeting with cryptocurrency and prediction-market executives. | **Cryptocurrency** | **24-Hour Gains +/-** | **Price (Recorded at 9:30 p.m. EDT)** | | ------------------------------------ | --------------------- | ------------------------------------- | | **Bitcoin** (CRYPTO: BTC) | +1.83% | $64,285.51 | | **Ethereum** (CRYPTO: ETH) | +0.62% | $1,905.61 | | **XRP** (CRYPTO: XRP)             | +0.08% | $0.9996 | | **Solana** (CRYPTO: SOL)             | +0.84% | $75.80 | | **Dogecoin** (CRYPTO: DOGE)    | +0.20% | $0.07018 | ## **Crypto Market** Gains Momentum **Bitcoin** fell sharply overnight after breaking $65,500 in early trading. Trading volume for the apex cryptocurrency jumped 43% over the last 24 hours.  **Ethereum** remained volatile around the $1,700 mark, as buying and selling pressure from bulls and bears created significant swings Cryptocurrency-related stocks also rose, with **Strategy Inc.** (NASDAQ:MSTR) and **Bitmine Immersion Technologies Inc.** (NYSE:BMNR) closing up 4.99% and 3.68%, respectively.  President **Donald Trump** is reportedly expected to host top cryptocurrency, prediction market and finance executives at the White House this week. Over $210 million was liquidated from the cryptocurrency market in the last 24 hours, with $175 million in bearish short positions alone wiped out, according to Coinglass data. Bitcoin’s open interest spiked 3% over the last 24 hours to $49.06 billion. Meanwhile, retail and whale derivatives traders on Binance lowered their BTC long exposure, although overall sentiment remains bullish. **Top Gainers (24 Hours)**  **Cryptocurrency (Market Cap>$100 M)** **Gains +/-** **Price (Recorded at 9:30 p.m. EDT)** **The Black Bull** (ANSEM)       +19.95%     $0.2675 **Pieverse** (PIEVERSE)     +16.03%     $0.9788 **Compound** (COMP)          +10.00%     $17.74 The global cryptocurrency market capitalization stood at $2.18 trillion, following a marginal increase 0.58% over the last 24 hours. **Read Also: ETH Is a Better Bet Than BTC, Prominent Trader Argues: Bitcoin Just Needs to Break $65,000 First** ## **Stocks** End Lower Stocks began the new trading week in the red. The **Dow Jones Industrial Average** fell 272.63 points, or 0.51%, to close at 53,459.78. The **S&P 500** dipped 0.52% to close at 7,745.06,while the tech-heavy **Nasdaq Composite** closed down 0.32% at 26,644.91. The Memorandum of Understanding signed between the U.S. and Iran on June 17 expired on Monday as negotiations between the two sides continued to stall. President **Donald Trump** told reporters that Iran wants to make a deal, but won’t agree to the kind of deal he thinks is “necessary.” ## Institutional Demand Tapering On-chain analytics firm CryptoQuant highlighted that Bitcoin’s Coinbase Premium Index has been negative for over three months. The Coinbase Premium Index measures the percentage difference between Bitcoin’s price on **Coinbase** and its price on global exchanges. It tracks U.S. institutional buying versus global retail demand. “Looking at current data, CPI sits at -0.10 — deep in negative territory. Until this index crosses back above zero, a high-momentum uptrend in BTC is unlikely,” CryptoQuant said. > Bitcoin's Coinbase Premium Index Has Been Negative for 102 Straight Days > > "The metric sits at -0.10 — deep in negative territory. Until this index crosses back above zero, a high-momentum uptrend in BTC is unlikely." – By @burak\_kesmeci > > Link ⤵️https://t.co/fEAKz3RHc1 pic.twitter.com/sByU1wnFlY > > — CryptoQuant.com (@cryptoquant\_com) August 17, 2026 **Michaël van de Poppe**, a widely followed cryptocurrency analyst and trader, identified $65,000 as near-term resistance for potential profit-taking, while maintaining a bullish outlook that the bottom is in and price would head toward $73,000 in the longer term. The analyst said they’d also consider buying BTC below $64,000 in the coming days. > There we go. > > Very simple, it retraced towards $63,300 to take some liquidity. > > That was enough for acceleration, and that has dragged the price of #Bitcoin upwards to $64,600 in a fast manner, as there was a lot of liquidity to grab. > > It might even run towards $65,000. > > What's… https://t.co/oxfLPOTG8U pic.twitter.com/VLpfAt6Wpx > > — Michaël van de Poppe (@CryptoMichNL) August 17, 2026 **Read Also: Paul Tudor Jones Is Buying Bitcoin ETF IBIT Again — But His Trade Has Changed** *Photo Courtesy: Marc Bruxelle on Shutterstock.com* ### Related Stocks - [ETHE.US](https://longbridge.com/en/quote/ETHE.US.md) - [GBTC.US](https://longbridge.com/en/quote/GBTC.US.md) - [BITB.US](https://longbridge.com/en/quote/BITB.US.md) - [ARKB.US](https://longbridge.com/en/quote/ARKB.US.md) - [ETHA.US](https://longbridge.com/en/quote/ETHA.US.md) - [ETHW.US](https://longbridge.com/en/quote/ETHW.US.md) - [XRPZ.US](https://longbridge.com/en/quote/XRPZ.US.md) - [XRPR.US](https://longbridge.com/en/quote/XRPR.US.md) - [FBTC.US](https://longbridge.com/en/quote/FBTC.US.md) - [GXRP.US](https://longbridge.com/en/quote/GXRP.US.md) - [FETH.US](https://longbridge.com/en/quote/FETH.US.md) - [TXXD.US](https://longbridge.com/en/quote/TXXD.US.md) - [CETH.US](https://longbridge.com/en/quote/CETH.US.md) - [GDOG.US](https://longbridge.com/en/quote/GDOG.US.md) - [BWOW.US](https://longbridge.com/en/quote/BWOW.US.md) - [IBIT.US](https://longbridge.com/en/quote/IBIT.US.md) - [TDOG.US](https://longbridge.com/en/quote/TDOG.US.md) - [XRP.US](https://longbridge.com/en/quote/XRP.US.md) - [BITO.US](https://longbridge.com/en/quote/BITO.US.md) - [BRRR.US](https://longbridge.com/en/quote/BRRR.US.md) - [BTCO.US](https://longbridge.com/en/quote/BTCO.US.md) - [BTCW.US](https://longbridge.com/en/quote/BTCW.US.md) - [HODL.US](https://longbridge.com/en/quote/HODL.US.md) - [EZBC.US](https://longbridge.com/en/quote/EZBC.US.md) - [03008.HK](https://longbridge.com/en/quote/03008.HK.md) - [03042.HK](https://longbridge.com/en/quote/03042.HK.md) - [03430.HK](https://longbridge.com/en/quote/03430.HK.md) - [BTCE.DE](https://longbridge.com/en/quote/BTCE.DE.md) - [MSTR.US](https://longbridge.com/en/quote/MSTR.US.md) - [BMNR.US](https://longbridge.com/en/quote/BMNR.US.md) - [COIN.US](https://longbridge.com/en/quote/COIN.US.md) - [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) - [STRF.US](https://longbridge.com/en/quote/STRF.US.md) - [STRC.US](https://longbridge.com/en/quote/STRC.US.md) - [STRK.US](https://longbridge.com/en/quote/STRK.US.md) - [STRD.US](https://longbridge.com/en/quote/STRD.US.md) - [BMNRD.US](https://longbridge.com/en/quote/BMNRD.US.md) ## Related News & Research - [Amboss Opens Affiliate Program: Earn Recurring Bitcoin Commissions by Growing Bitcoin Payments](https://longbridge.com/en/news/296124824.md) - [Fundstrat Sees 30% Swing In Bitcoin’s Price](https://longbridge.com/en/news/296239209.md) - [Bitcoin Standard Treasury Company (BSTR) Terminates Business Combination, Team Continues Pursuing Active Bitcoin Treasury Management | CEPO Stock News](https://longbridge.com/en/news/296540800.md) - [Bitcoin Custody for Institutional Clients Is Coming to Citi Later This Year](https://longbridge.com/en/news/296259278.md) - [Paul Tudor Jones Is Buying Bitcoin ETF IBIT Again — But His Trade Has Changed](https://longbridge.com/en/news/296136074.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**