Bitcoin surged to $76,945, breaking a year-long downtrend driven by record $606.29 million in ETF inflows on Thursday, August 21. Strategy, Michael Saylor’s company, returned to profit with a treasury of 840,447 BTC valued above $64.6 billion, generating over $1 billion in unrealized gains from its recent low. Treasury Secretary Scott Bessent’s announcement to double Treasury bond buybacks to $4 billion per operation fueled the crypto rally by weakening the dollar and redirecting liquidity into risk assets. XRP jumped 18.03% to $1.37 as South Korean retail traders rotated capital from Samsung and SK Hynix stocks into crypto. The CFTC warned it would regulate crypto independently if the Senate continues to delay the CLARITY Act.
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