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Bitcoin Experiences Brief Surge, Reaching $70,000

BlockBeats News, August 20th, according to HTX market data, Bitcoin experienced a brief surge reaching $70,000, and has now retraced to $69,800, with a 24-hour price increase of 8.08%.

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On-Chain Activity

1h ago

Multicoin Capital has once again deposited 62,700 HYPE into Coinbase Prime, worth approximately $4.37 million.

1h ago

Amber Group's affiliated wallet withdraws 200,000 HYPE tokens, worth approximately $13.83 million

6h ago

A certain whale, who had shorted 40x, increased their short position by adding 800 BTC, currently making them the largest BTC short on Hyperliquid.

7h ago

The largest ETH short position on Hyperliquid saw its unrealized loss expand to $19.17 million, with the liquidation price currently at $2,189.

24H Important News

2026-08-20

Bloomberg: Bitcoin Nears $70,000 Triggering Epic Short Squeeze, Crypto Market Sees Largest Rebound Since March

US Stock Crypto Concept Stocks Soar Together, Strategy Up Nearly 12%, Coinbase Up 9%

Trump Slams Fed's High-Interest Rate Policy Again, Says the U.S. Should Bear Lower Financing Costs

Trump's Cryptocurrency Wealth Skyrockets, Sparking Controversy; White House Meeting with Industry Leaders Drives Regulatory Reform

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