---
title: "Bitcoin Hits $72,000 as Ethereum Jumps 11%, XRP, Dogecoin Spike 10%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296532087.md"
description: "Bitcoin surged past $72,000, with Ethereum and other major cryptocurrencies like XRP and Dogecoin also posting significant gains. The rally is driven by optimism surrounding a White House crypto meeting and strong inflows into spot Bitcoin and Ethereum ETFs. Despite the market sentiment being extremely greedy, analysts offer mixed views, with some targeting higher prices while others warn of potential fakeouts."
datetime: "2026-08-20T19:45:39.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296532087.md)
  - [en](https://longbridge.com/en/news/296532087.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296532087.md)
generator: "portal-rs"
---

# Bitcoin Hits $72,000 as Ethereum Jumps 11%, XRP, Dogecoin Spike 10%

Bitcoin and major cryptocurrencies extended their rally amid optimism surrounding the White House crypto meeting.

**Cryptocurrency**

**Ticker**

**Price**

**Bitcoin**

(CRYPTO: BTC)

$72,726

**Ethereum**

(CRYPTO: ETH)

$2,330

**Solana**

(CRYPTO: SOL)

$86.97

**XRP**

(CRYPTO: XRP)

$1.27

**Dogecoin**

(CRYPTO: DOGE)

$0.08147

**Shiba Inu**

(CRYPTO: SHIB)

$0.054902

**Notable Statistics:**

-   Coinglass data shows 150,510 traders were liquidated in the past 24 hours for $1.83 billion.       
-   SoSoValue data shows net inflows of $517.2 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net inflows of $189.2 million.
-   In the past 24 hours, top gainers include XRP, Hyperliquid and Pepe.

**Notable Developments:**

-   Bitcoin Breaks $71,000 but Top Analyst Isn’t Impressed: ‘BTC Still Has a Little Bit To Prove’
-   Bitcoin Cracks $72,000 Enters ‘the Early Stage Of the Bull Market’ With $82,000 Target, Analyst Says
-   ‘Sell Bitcoin, Buy Gold,’ Says Peter Schiff: Bitcoin’s Rally Is a ‘Fakeout, Not a Breakout’
-   Ethereum’s Target Is $4,000 or $10,000, Says Trader Who Predicted The Breakout
-   Bitcoin Surges Above $71,000 as Raoul Pal Says It’s The ‘Bessent Put’ and ‘The Signal Is Enormous’
-   Ripple CEO Garlinghouse Says Crypto Isn’t ‘Fringe’ After President Trump Declares US Is ‘Winning’

**Trader Notes:**

Trader Michael van de Poppe highlighted Bitcoin’s increased volatility is creating more trading opportunities, with potential longs around $70,300 to $70,800 and below $68,000 if a broader correction hits.

The trader remains bullish overall and expects more opportunities in altcoins.

ExitpumpBTC predicts Bitcoin could extend its rally toward $78,000 to $80,000, where the trader expects a meaningful rejection and consolidation.

However, the latest surge has strengthened their conviction that BTC is forming a bottom as its market structure improves.

*Image: Shutterstock*

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## 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)
- [Paul Tudor Jones Is Buying Bitcoin ETF IBIT Again — But His Trade Has Changed](https://longbridge.com/en/news/296136074.md)
- [Bitcoin lands on the same custody rails Citi uses for equities and bonds](https://longbridge.com/en/news/296272222.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**