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Bitcoin Tops $75,000 as Crypto Rally Picks Up Pace

cpeditor
News
August 21, 2026
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Bitcoin analyst James Check said bearish traders are now taking significant losses as BTC continues to climb.
Bitcoin reclaimed $75,000 in late U.S. trading Thursday, reaching the level for the first time since late May.
BTC was recently around $75,400, up roughly 8% over the past 24 hours. Ether rose 4.8% to about $2,376, while XRP jumped 16% to $1.29, outperforming other major cryptocurrencies.
Check said Bitcoin has already passed through two stages of capitulation: sharp price-driven selling in February and prolonged time-based capitulation in June. With the market now rebounding, he said bearish traders are increasingly feeling the pain.
Over the last seven days, Bitcoin has gained approximately 19%, Ether has climbed 25%, and XRP has advanced 28%.