--- title: "Cryptocurrencies Surge Across the Board as Bitcoin Tops $75,000, Ethereum Reaches $2,300" type: "News" locale: "en" url: "https://longbridge.com/en/news/296572525.md" description: "Cryptocurrencies surged broadly, with Bitcoin breaking $75,000 and Ethereum rising above $2,300, pushing total market cap to a three-month high of $2.5 trillion. This rally triggered over $1.2 billion in liquidations, primarily short positions. The surge was fueled by U.S. Treasury bond buyback plans, weakening dollar yields, and improved market sentiment shifting into 'Greed' territory." datetime: "2026-08-21T05:50:41.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296572525.md) - [en](https://longbridge.com/en/news/296572525.md) - [zh-HK](https://longbridge.com/zh-HK/news/296572525.md) generator: "portal-rs" --- # Cryptocurrencies Surge Across the Board as Bitcoin Tops $75,000, Ethereum Reaches $2,300 TradingKey - Short sellers face another brutal bloodbath as Bitcoin surges past $75,000 and Ethereum climbs above $2,300. During the Asian trading session on August 21, the cryptocurrency market extended its strong rebound, surging over 6% today as total market capitalization climbed above $2.5 trillion, hitting a three-month high. Among them, Bitcoin (BTC) jumped over 8%, breaking through the $75,000 level; Ethereum (ETH) rose over 4%, climbing above $2,300; Binance Coin (BNB) gained nearly 6%, crossing $650; and XRP (XRP) surged 18%, breaching $1.3. Price performance of the top 10 cryptocurrencies by market cap, Source: CoinMarketCap Cryptocurrencies surged across the board once again, dealing another heavy blow to short sellers. Over the past 24 hours, total liquidations across the network exceeded $1.2 billion, with short liquidations accounting for nearly $1.1 billion, or 92%; BTC and ETH remained the main liquidated coins. Yesterday, short sellers had already been liquidated for over $2.7 billion. On August 19, the U.S. Treasury Department announced a bond buyback plan of at least $4 billion alongside a pullback in U.S. Treasury yields, easing market concerns over a tight monetary environment. A weakening U.S. Dollar Index further enhanced the appeal of risk assets and digital assets, fueling a broad-based rally in cryptocurrencies. Yesterday, U.S. Treasury Secretary Bessent stated that "the upper limit for a single Treasury buyback operation could exceed the $4 billion we previously announced," driving the crypto market sentiment index further up to 69 into "Greed" territory as market FOMO sentiment continued to warm up. However, the Fear & Greed Index has not yet reached 80, indicating that market sentiment has not reached extreme greed, though the risk of a pullback is also rising. Find out more ### Related Stocks - [GBTC.US](https://longbridge.com/en/quote/GBTC.US.md) - [ETHE.US](https://longbridge.com/en/quote/ETHE.US.md) - [ARKB.US](https://longbridge.com/en/quote/ARKB.US.md) - [ETHW.US](https://longbridge.com/en/quote/ETHW.US.md) - [ETHA.US](https://longbridge.com/en/quote/ETHA.US.md) - [BITB.US](https://longbridge.com/en/quote/BITB.US.md) - [IBIT.US](https://longbridge.com/en/quote/IBIT.US.md) - [CETH.US](https://longbridge.com/en/quote/CETH.US.md) - [FETH.US](https://longbridge.com/en/quote/FETH.US.md) - [FBTC.US](https://longbridge.com/en/quote/FBTC.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) ## Related News & Research - [Aligned Launches $ALIGN, the Native Token of Its Full Ethereum Stack](https://longbridge.com/en/news/296619468.md) - [Fundstrat Sees 30% Swing In Bitcoin’s Price](https://longbridge.com/en/news/296239209.md) - [Bitcoin Custody for Institutional Clients Is Coming to Citi Later This Year](https://longbridge.com/en/news/296259278.md) - [EX DeFi Announces AI-Driven Digital Asset Infrastructure Platform Supporting BTC, ETH and XRP](https://longbridge.com/en/news/296110726.md) - [SEC Opens Comment Period On Cboe 3x Bitcoin And Ethereum ETF Proposal](https://longbridge.com/en/news/296643740.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**