According to external sources, the encryption market continued to increase for three consecutive days on August 21, near the weekend. Bitcoin rose to $76,945 and above it touched $79,461. The increase was reported to be attributed to the return of United States cash ETF funds, the expectation of the United States Treasury Department to expand long-term Treasury debt buy-backs, and the overall improvement in risk asset sentiment.

ETF Return of funds pushes up bitcoin

According to SoSoValue data, the United States' single-day net inflows of bitcoin ETF amounted to $606.29 million, the highest since May, and the ETF net inflows of the same day were $220.7 million, the best since last October. The return of funds led Bitcoin to break down the lower zone, which had lasted longer before.

Derivatives market volatility is also magnified simultaneously. The report cites liquidation data that the past 24 hours of full-market liquidation amounted to $15.1 billion, of which $1.21 billion was vacant. After high prices, part of the boom was followed by a passive flat in a short-line retreat, indicating that the leverage trade remained crowded.

Strategy holds back and back.

According to the article, as Bitcoin prices recovered, Strategy ' s Bitcoin reserves returned to the floating zone. According to BitcoinTreasuries.net, the company currently holds 840,447 BTCs with a market value of approximately $64.6 billion, with a total investment of approximately $63.36 billion and an average purchase cost of approximately $75,388.45.

Based on this caliber, after the spot price was re-established at the average cost, Strategy ' s book losses were recovered. The article also mentioned that the company continued to hold more bitcoin this year, increasing the number of warehouses by about 25 per cent compared to the beginning of the year. It was also noted that the market was also concerned about whether its follow-up financing capacity and cash reserves would continue to be used for growth.

XRP, go, go, go!

Apart from bitcoin, XRP is another powerful asset mentioned in the text. According to the report, XRP increased by 18.03 to $1.37 per cent 24 hours, and the cumulative increase during the week increased to 38 per cent. The article links this up to a dynamic Korean market trade.

According to Upbit data, the XRP transaction value of the platform has increased to $1.8 billion, which is significantly greater than before; of this total, approximately $546.6 million, or more than bitcoin, is one of the most active assets of the platform. The article also mentioned that Ripple and Clearpool promoted private credit on XRP Ledger, also supporting market sentiment.

Regulatory declarations coexist with retreat risks

The article also mentioned that Michael Selig, Chairman of the United States Commission for Commodity Futures Trading, had suggested that if the Senate continued to delay CLARITY Act, the CFTC might itself advance encryption. It was reported that the statements raised the market ' s interest in the advancement of United States encryption rules.

However, the article at the same time cautions that the market leverage has clearly been one-sided following successive increases. The CoinGlass data show that there has been a cumulative burst of approximately $4.36 billion over the past 72 hours. In the event of a subsequent concentration of profits, both Bitcoin and the Ether Workshop may face greater pressure from multiple silos.