Bitcoin Price Nears $79K as Treasury Move Lifts Crypto Demand

TLDR: Bitcoin price rose 7.89% to $78,589.05, with a 90% gold correlation supporting the view that both assets followed the same macro trade. US spot Bitcoin ETFs drew $606.29 million on August 20, lifting four-day inflows to $1.61 billion and giving the breakout institutional support. Roughly $709 million in BTC shorts were liquidated over 24 [...]

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